Citigroup Vacancy Closed, James Bindler Appointed as Global FX Chief

Following a notable void in the executive ranks of Citigroup in the aftermath of Jeff Feig’s announced departure earlier this week, James Bindler has been named as the group’s newest Global FX Chief.

James Bindler to Succeed Jeff Feig

Earlier this week, it was announced that former Global Head of FX, Jeff Feig, would be departing Citigroup to assume the role of Co-Chief Investment Officer at Fortress Investment Group LLC (FIG). With the apparent vacancy from Feig, Citigroup has already named his successor, opting for James Bindler. Mr. Bindler has previously served at Citi starting in 1990, before subsequently leaving in 1997 – he later returned to the group in 2000.

According to an internal memo from Citigroup, Mr. Bindler will be in charge of Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term trading, prime brokerage and corporate FX sales, among various other tasks. Citigroup has been one of key banking players under relentless scrutiny amid ongoing allegations over currency fixing and manipulation that has led to a string of firings and suspensions worldwide.