FX people moves: Cheered out of Citi

Bob de Groot resigned from his position as head of Citibank’s London FX desk this week. He had been at Citi for 15 years, and had also worked in its Tokyo and New York offices. Such is de Groot’s popularity that, according to my sources, he was cheered off the floor. Initial speculation that de Groot was going to retire gave way to unconfirmed talk that he would soon reappear at BNP Paribas.