Rob Finn is the latest foreign exchange veteran to shift employers in H2 2017. The longtime Deutsche Bank executive is heading to Citi after more than a decade, maintaining his focus on the FX options space in New York.
Mr. Finn previously worked at Deutsche Bank as Head of FX Complex Risk, a role he held while based out of the bank’s New York office. In tandem, he also worked as its Regional Head of FX in the United States – in total his tenure at Deutsche Bank spanned nearly ten years, per an FX Week report.
Mr. Finn is no stranger to the FX industry, having also worked as an exotic options trader at Merrill Lynch prior to joining Deutsche Bank. In his new role he will be working in a familiar position, teaming up with Singapore-based Nathan Venkat Swami, who has been the sole FX head of the unit for the past few months.
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Together the two individuals will co-head Citi’s FX Options business, whilst reporting to Itay Tuchman, Global Head of FX at Citi.
Deutsche Bank and Citi’s FX teams have experienced a wide range of personnel movement during 2017, more so in UK and European trading desks than in the US. Still, the industry has seen no shortage of shakeups as many FX and trading desks have reshuffled their ranks or simply been absorbed into other units altogether.
Citi, like the rest of the banking industry has seen a hit in its recent revenues, a particularly due to declines in its trading incomes. This was corroborated in its recent quarterly earnings statement, which saw Citi report mixed trading revenues during Q3.