Ex-Citi FX Head, Rohan Ramchandani Heads to LCG Despite Investigation
- Ex-Citigroup FX Head Rohan Ramchandani, the first individual fired during a global string of probes for FX manipulation has just been appointed as Chief Advisor for FX Spot and Risk Management at London Capital Group (LCG).
Ex-Citigroup FX Head, Rohan Ramchandani, the first individual fired during a global string of probes for FX manipulation, has just been appointed as Chief Advisor for FX Spot and Risk Management Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, Read this Term at London Capital Group (LCG).
Citigroup made headlines earlier this year when Mr. Ramchandani was summarily fired for his alleged involvement in manipulating FX rates this past January. He was the former Head of European Spot FX Trading at Citigroup, though the investigation is still under way and he has yet to be charged formally, despite a mountain of suspicion.
According to LCG Chairman, Charles-Henri Sabet, in a recent statement on the appointment, "Rohan was an opportunity. The hire was a tough call and required an in-depth due diligence on his background and on his role in the probe. I am confident he will be able to help our growth with his competences.”
As the investigation by regulators is still pending, Mr. Ramchandani is slated to trade only spot FX products that don't fall under any kind of Regulation Regulation Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Read this Term. In his new role at LCG he will report to Peter Wells, the newly appointed Head of FX at LCG.
Ex-Citigroup FX Head, Rohan Ramchandani, the first individual fired during a global string of probes for FX manipulation, has just been appointed as Chief Advisor for FX Spot and Risk Management Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, Read this Term at London Capital Group (LCG).
Citigroup made headlines earlier this year when Mr. Ramchandani was summarily fired for his alleged involvement in manipulating FX rates this past January. He was the former Head of European Spot FX Trading at Citigroup, though the investigation is still under way and he has yet to be charged formally, despite a mountain of suspicion.
According to LCG Chairman, Charles-Henri Sabet, in a recent statement on the appointment, "Rohan was an opportunity. The hire was a tough call and required an in-depth due diligence on his background and on his role in the probe. I am confident he will be able to help our growth with his competences.”
As the investigation by regulators is still pending, Mr. Ramchandani is slated to trade only spot FX products that don't fall under any kind of Regulation Regulation Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Read this Term. In his new role at LCG he will report to Peter Wells, the newly appointed Head of FX at LCG.