Citigroup's global head of spot FX trading Richard Bibbey has resigned, two people familiar with the matter said on Friday, the latest departure from the US bank's foreign exchange leadership in the last two years.
Reuters reports that Citigroup appointed Bibbey to the role, a newly created position at the time, in March 2014, adding to his previous duties as head of electronic FX trading. He was based in London.
In the meantime, Bloomberg News also reports that Sanjeev K. Mehra, vice chairman of the global private equity unit at Goldman Sachs, is retiring from the bank.
Mehra, 57, was one of the founding members of the practice in 1990, and has also served as co-head of the Americas private equity business, according to an internal memo obtained by Bloomberg. The contents of the memo were confirmed by a spokeswoman for Goldman Sachs.