Former Citibank FX Trader Rohan Ramchandani Moves on from LCG

FX trader, Rohan Ramchandani has departed from LCG after serving three months in the risk and trading division. A statement

IMG_8880.JPGA reputable currency trader and risk manager from the banking world has called it quits on his role at broker-dealer, LCG. Rohan Ramchandani, a prominent figure in the FX-rates probes was ousted during investigations into the scandal at Citibank.

Troubled UK-based financial services provider LCG continues its rugged journey as news of another senior member of the team leaving causes a stir. Financial media reported that Rohan Ramchandani served his last day at the listed provider of margin products on the fifth of December.

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Ramchandani joined LCG in September. Over the last few months, the firm has made a number of changes amid new ownership. Notably, long-serving Head of FX Gavin Foster left the organisation.

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LCG Chairman Charles-Henri Sabet explained in a statement to the Wall Street Journal, “This has been a personal decision for Rohan.”

LCG, one of the UK’s main mid-market brokers operates retail brand Capital Spreads. The firm brought in a new set of senior hires in September. LCG’s most recent corporate earnings data for the first nine months of the year saw the firm’s revenue drop by 29% to $22 million.

Banks have been facing the brunt of the currency manipulation cases; Five major banking organisations were fined a collective amount of over four billion, with Citibank being one of them.

LCG’s share price closed flat on the day, ending at 35.00 pence in the London market.

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