Citi names new global head of FX

He takes over from interim global head of foreign exchange, Leo Arduini.

Flavio Figueiredo has been appointed global head of foreign exchange, effective immediately, 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 & 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. 

“I am proud and humbled to assume this role at our industry-leading Global FX franchise, which has long been a defining business of Citi: a truly global powerhouse that combines cutting-edge technology with unrivalled service and expertise in FX markets for our clients around the world,” said Figueiredo.

New York-based 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.