Citi Promotes Sam Hewson to Global Head of eFX

Sam Hewson is succeeding Bernie Sinniah as Global Head of eFX at Citi. One of the veteran eFX industry leaders in global banking is retiring from his position, a memo sent to staff at Citigroup says. The document outlines that after 38 years with the US bank, Mr Sinniah is retiring from his position.

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Sam Hewson has been with Citi since 2003, with his most recent position including a vast set of responsibilities. He was the Managing Director of FX corporate sales at Citi, Global Head of FX Risk Management Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, Read this Term Solutions, and Co-Head and Western Europe Head of Corporate FX Sales.

The internal memo sent to staff said that Mr Hewson will focus on the implementation of the electronic FX offering of Citi. The product is designed to assist corporate and public sector clients of the bank as Citi takes a step to improve its offering of treasury and trade solutions.

According to the memo, Hewson will continue leading the risk management solutions team until a suitable successor is found.

Mr Sinniah has been with Citi for almost four decades, starting his career as a Spot FX trader in Colombo, Sri Lanka. After moving to Australia in 1986 where he spent over a decade, he moved on to the UK unit of the bank in 1999 where he was promoted to G10 FX corporate sales lead. Two years ago he started running the global eFX business of Citi. He will leave his position before the end of March.