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.
Rising star Rohan Ramchandani will take over de Groot’s role at Citi. Ramchandani started as an intern at Citi as recently as 2002 and came to London in 2004.
Both Citi and BNP Paribas saw their share of G10 FX decline last year.