Citi has appointed Leo Arduini as interim head of FX, effectively immediately, according to an internal memo seen by The TRADE.
Arduini will maintain his current role as chief operating officer of global markets, a position he has held since May 2022.
Prior to that, Arduini held the position of EMEA head of markets, serving in the role from 2014.
He will work alongside Stuart Stanley, global head of FX, up until his final day at Citi.
In April, Citi announced that Stanley would be leaving the firm after nearly two decades.
He initially joined Citi in 2004, just before the bank opened its Houston commodities office in 2005, joining from American Electric Power where he had been serving as a managing director.
In his 19-year tenure at Citi, Stanley served in a variety of roles including as its head of commodities for the Americas and global head of the division in London.
He later became head of markets for Asia in 2018, taking on his most recent role as head of global foreign exchange last year.
Citi declined to comment on Arduini’s appointment.
According to the internal memo seen by The TRADE, the bank is conducting a search for a permanent head of FX, with the expectation to fill the position in the coming weeks.