Citigroup aligns emerging markets with fixed income
Citigroup has formed a new global business group called Fixed Income, Currencies & Commodities (FICC). It combines the firm’s fixed-income business with the emerging market sales and trading operation.
In an internal release sent to employees this week, Tom Maheras, global head of capital markets, promoted the reorganization as “a natural evolution toward providing an integrated global platform best positioned to serve our clients”.
The truth, however, is that this finally removes one of the vestigial standalone Citibank entities. Ever since Citibank took over Salomon Brothers there has...
