Citi FX Head James Bindler to Retire, Parting Ways With Lender

One of the longest tenured veterans in the foreign Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term (FX) industry, James Bindler, will be retiring after nearly three decades in a variety of senior FX roles to pursue academic interests, according to a FXWeek report.

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Mr. Bindler has been a mainstay in the FX industry for over thirty four years, most recently taking a senior position at Citi as its Global FX Chief in mid-2014, succeeding Jeff Feig. Overall, he spent over two decades at Citi in multiple senior roles.

During his tenure at Citi he also worked as its Global Head of FX options and as its Head of Trading for Central and Eastern Europe, Middle East and Africa. In this capacity he held a wide range of responsibilities, including overseeing Citi’s FX trading, prime brokerage and corporate FX sales, among other areas.

He also worked at Midland Bank, dating back to 1982, where he first made his initial foray into the FX industry. It is unclear who will immediately be replacing Mr. Bindler at Citi, following his departure from the group.