Nadir Mahmud smiles at the irony of it. He’s been global head of Citi’s foreign exchange business for only a matter of weeks, and he’s already achieved something that has been a clear ambition of the bank for more than a decade: to reclaim its position as the leading global foreign exchange house.
Citi beat Deutsche Bank, winner for the previous nine years, by the narrowest of margins to top the overall market share rankings in Euromoney’s 2014 FX survey.
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