Top Citi MD in London is retiring after three decades as traders bow out
Giles Page, one of the longest serving managing directors on Citi's fixed income trading floor in London, is retiring early next year.
Page, who oversaw FX in EMEA, is understood to be retiring in the New Year. He joined Citi nearly three decades ago in April 1996.
Page's exit comes after an ok year for FX trading globally, in which front office FX revenues per head rose by nearly 10% according to Tricumen. However, Citi's fixed income, currencies and commodities revenues fell 7% year-on-year in the first nine months of 2024. Citi said declining revenues in the third quarter were, "driven by rates and currencies, largely reflecting a strong prior-year comparison."
Citi declined to comment on Page's exit. He is a popular figure internally, but was given a regionally-focused role in January 2024 after previously running linear rates trading globally for the US bank.
It's not clear who will replace him.
Page's exit comes as senior traders at other banks are also choosing to depart. David Malvern, head of high yield credit trading at BNP Paribas in New York is also leaving. It's understood that he decided to disappear of his own accord.
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