People: Three senior forex managers leave Citi

Citi loses three in London office; RBS loses head of markets; Serafini joins Ice; and more

Three foreign exchange traders and salespeople have left Citi, including the bank's London-based head of spot forex, Richard Bibbey.

Bibbey is a veteran of Citi, having first joined the US bank 18 years ago trading short-term interest rates in London. In 2009, he moved to take responsibility for Australian forex trading and Asian short-term rates. He later moved back to London to become head of electronic trading.

Nick Hamilton, the vice-president for electronic forex sales in London, has left after four years with the bank. Prior to joining Citi, Hamilton worked with interdealer broker Icap in electronic forex sales between 2009 and 2012.

Additionally, James Dalton, Citi's director of forex algorithmic execution in London, is understood to be moving to Sydney to join National Australia Bank as head of electronic forex. He was with Citi for more than a decade after joining from Boston-based State Street, where he worked in various IT-related roles.

Citi and National Australia Bank declined to comment.

Elsewhere, Citi has appointed two former Goldman Sachs managing directors to its London-based equity derivatives and structured sales team.

Dirk Keijer has been hired as head of equity derivatives sales for Europe, the Middle East and Africa (Emea), while Quentin Andre will join as head of global structured sales. Both will join in mid-2016 and report to James Boyle, global head of equity derivatives, and Conor Davis, head of investor sales for Emea.

At Goldman, Keijer served as head of equity derivatives sales for Europe, while Andre worked as head of Emea equity and fund derivatives structuring and marketing and head of cross-asset systematic strategies.

Goldman Sachs declined to comment on the departures.

 

Peter Nielsen, the London-based global head of markets at Royal Bank of Scotland (RBS), is to leave the bank.

A veteran of RBS, Nielsen has worked for the UK bank for 20 years. He was appointed global head of foreign exchange, currency options, emerging markets, equities and futures in 2001. He also served in senior roles such as head of treasury and investor products and global head of rates, local markets, currencies and commodities.

A source close to the matter says there is no direct replacement for Nielsen and that he is likely to formally depart in mid-2016. The move comes amid continuing financial losses, job cuts and a restructuring at RBS, which is majority owned by the UK government.

The bank declined to comment.

 

Mikko Rusi, global head of metals at BNP Paribas, is to move from London to Singapore, where he is set to take on an additional role as the French bank's head of Asia-Pacific commodity derivatives.

A spokesperson confirms the move, but declined to comment further.

Rusi will take over the role vacated by Gunnar Hoest, who left BNP Paribas at the beginning of the year. Hoest had led the bank's Asian commodities business since 2013, when he joined after holding a similar role at Deutsche Bank. Hoest did not respond to a request for comment.

Rusi joined BNP Paribas in 2010, working initially as the bank's head of European base and precious metals sales. He previously worked at JP Morgan and Goldman Sachs.

 

Wells Fargo has appointed Thomas DuCharme as its head of global banking.

Most recently, DuCharme worked at JP Morgan, where he was head of the corporate and investment bank in Asia-Pacific. He first joined the US bank in 2010 as chief executive of treasury and securities services in Asia-Pacific. Prior to that, he was head of transaction banking for Asia-Pacific at Deutsche Bank.

In his new role, DuCharme will be based in New York and report to Richard Yorke, head of Wells Fargo's international group. He replaces Sanjiv Sanghvi, who recently moved to become head of commercial banking for the western region.

 

Colin Bell, former head of compliance and operational risk control at UBS, is leaving the bank for HSBC.

At HSBC, Bell will take on a new role as group head of global standards execution and redemption, which is to focus on financial crime. He will remain in London and report to group chief executive Stuart Gulliver.

Bell has been in his current role at UBS since 2014. He was previously global head of operational risk control, having rejoined the bank in 2010 after a brief stint at Barclays Wealth.

James Oates, the former head of group internal audit, has replaced Bell at UBS. A spokesperson says Bell has no firm departure date and will work with Oates to ensure a smooth transition.

 

Former JP Morgan clearing executive Hester Serafini (pictured) has joined Ice as chief operating officer of Ice Clear US, its New York-based derivatives clearing house.

For three years, Serafini served as head of over-the-counter clearing at JP Morgan in London, before leaving the role in May 2015. Prior to joining the US bank, she was chief risk officer of Deutsche Bank's fixed-income prime brokerage business.

She joined Ice on March 1 and reports to Tom Hammond, president of Ice Clear US. The position was previously held by Lynn Martin, who was promoted last year to president and chief operating officer of Ice Data Services.