Citi appointed Flavio Figueiredo as global head of foreign exchange, according to an internal memo seen by The TRADE. Stuart Staley, who previously held the position, announced that he was set to leave the bank after almost 20 years this April, having joined in 2004. Figueiredo is a Citi veteran, having spent almost 35 years at the bank, most recently serving as global head of corporate sales and solutions in markets, leading a team spanning 65 jurisdictions.
He has also held positions as global head corporate FX sales and EMEA regional head corporate solutions group, and head of Americas derivatives solutions and Latin America FX sales, having begun his career at Citi São Paulo in 1989. Figueiredo takes over from interim global head of foreign exchange, Leo Arduini, who was appointed last month. According to the internal memo, Figueiredo is retaining responsibility for FX corporate sales, and will also continue to support the broader corporate sales organisation until Citi announces the new leadership structure of the area.
The Canadian Imperial Bank of Commerce (CIBC) made a new senior hire for its equity trading unit in London, according to two sources with knowledge of the matter. James Lockley will be joining the business in September and will head up the team’s sales trading offering, according to the individuals who spoke to The TRADE on condition of anonymity. Lockley and CIBC both declined to comment. Kepler Cheuvreux did not immediately respond to a request for comment. Prior to joining the French firm where he was employed as a sales trader for over five years, Lockley worked as a trader at broker GFI Group. Before this he was a trader at US bank, Jefferies.
BNP Paribas securities services’ global head of investment analytics and data services, Neil Ryan, left the bank to become head of product marketing and solution positioning at Finbourne Technology. Ryan brings more than 25 years of global experience in data strategy, product development, business intelligence, data governance and data architecture. He held senior data and analytics roles at Citi, EY and most recently at BNP Paribas Securities Services. At the latter, Ryan was product domain lead for performance analytics, risk analytics, ESG analytics, regulatory reporting and data-as-a-service; leading a team based across Australia, Singapore, Luxembourg and France. His expertise will help advance Finbourne’s product and solutions communication strategy, with Ryan working closely with the firm’s development teams, as well as with senior stakeholders across the business.