Citigroup forms new global business group

If the reorganization is properly managed, they will be able finally to catch up in areas such as commodities.

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.

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