Acting Global Head of FX, Jeff Feig, Parts Ways with Citigroup

Citigroup is officially in the market for a new 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 Chief, given the major void left by outgoing Global Head of G10 Forex Trading Forex Trading Forex trading is the buying and selling of foreign currencies with the aim of generating a profit. The value of currencies, especially floating currencies, fluctuate to varying degrees. This constant volatility of exchange rates opens the door for speculators to invest in a certain currency against another. The Forex market is the world’s biggest and most liquid market, with over $5 billion turnover every single day, with the market being open 24 hours a day, 5 days a week.It goes without saying Forex trading is the buying and selling of foreign currencies with the aim of generating a profit. The value of currencies, especially floating currencies, fluctuate to varying degrees. This constant volatility of exchange rates opens the door for speculators to invest in a certain currency against another. The Forex market is the world’s biggest and most liquid market, with over $5 billion turnover every single day, with the market being open 24 hours a day, 5 days a week.It goes without saying Read this Term, Jeff Feig, earlier today. Yet another departure of a high-ranking executive in an industry immersed in allegations of scandal and cross-regional manipulation.

Indeed, it has been relatively quiet on the banking front recently, following a tumultuous period of tension and allegations rising out of the ranks of leading global banking institutions. It is important to note however, that there is no mention of Mr. Feig’s parting of ways with Citigroup being related to an ongoing investigation into Forex market fixing.

Next Man Up

The same cannot be said for many other individuals who have been suspended or fired for their alleged role in the scandal, in which a global cascade of regulators is presently delving into. "Meet The Experts" reporters reached out to Citigroup who were unavailable for comment on the matter.

According to a Citigroup spokesman in a recent statement to Reuters regarding the newly-formed vacancy, "Given his tenure in his role, his departure was well-anticipated, and part of the natural cycle of the business. We have a strong, talented bench that continues to support this core business."