National Australia Bank (NAB) has secured the services of industry veteran and foreign exchange specialist James Dalton, who joins the group as its newest Head of Fixed Income, Currencies, and Commodities (FICC) Digital Trading with immediate effect, Finance Magnates has learned.
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Mr. Dalton comes over to NAB from Citigroup, having worked at the lender for over sixteen years in a multitude of roles. He most recently served as its Director of FX Algorithmic Execution. The move snaps a lengthy stint with Citigroup after he originally joined back in 2000. During his tenure, the bank’s FX unit oversaw one of the most influential segments of the FX industry.
Prior to joining Citigroup, he also worked at State Street Global, albeit relegated to information technology roles, positions he held collectively since 1996, part of a twenty-year long career, according to information made public on his Linkedin profile.
His departure from Citigroup also marks the latest big name to part ways with the lender, which comes at a critical juncture for many big banks that are struggling with their revenues and profitability. Further down the ladder, lenders across the board have jettisoned thousands of jobs in the IT and technology sector, with London serving as ground zero for the biggest losses.