Citigroup Dismantles FX Strategy Team, Cuts Some Analyst Jobs

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A Citibank branch in San Francisco, California, U.S., on Friday, April 7, 2023. Citigroup Inc. is scheduled to release earnings figures on April 14.

Citigroup Inc. has dismantled its global team that provides commentary and analysis on foreign-exchange markets, according to people familiar with the matter.

All jobs within the so-called CitiFX global FX strategy team are affected, although some people may continue to work with Citigroup in other capacities, according to a person, who declined to be identified discussing sensitive matters. 

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People familiar indicated that the changes included some employees in London and New York exiting the firm.

A spokesperson for Citigroup declined to comment.

--With assistance from Sally Bakewell, Vassilis Karamanis, Carter Johnson and Ruth Carson.

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