Exclusive: Citigroup's Dan Hanson Parts Ways with Lender

Citigroup has a key vacancy to fill in its London-based emerging markets (EM) unit, after Dan Hanson has parted ways with the lender with immediate effect, Citibank has confirmed to Finance Magnates. The move is the latest in a string of outgoing personnel from big name lenders’ workforces, which have collectively been bogged down by diminishing profit margins and revenues.

Mr. Hanson has vacated his role as Citigroup’s EM trader at 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) desk in London. He joined Citigroup back in 2014 from Standard Chartered, having focused the bulk of his career on FX options. While at Citigroup, he garnered a focus in the EM space, though maintains a proficiency in G-10 currencies.

The departure of Hanson is a big name to leave Citigroup, which over the past couple months have seen the losses of multiple senior executives, including its Head of its EMEA Credit team, David Cohen, among others.