When Julian Simmonds, global head of foreign exchange and
structured products businesses at Citigroup, announced his decision
to retire this May, it sent shockwaves through the bank. Senior
executives are thought to be trying to talk Simmonds, who joined
Citibank in 1972 and achieved prominence by building its forex
business into the undisputed market leader in the 1980s and 1990s,
into hanging round a little longer. "No one event has prompted my
decision," Simmonds tells Euromoney. "But 29 years is a long, long
time in a high pressure position. I have outside interests, as has
my wife and I'd like to...
