Citi Targets Hedge Funds, Private Equity in FX Growth Push

Citigroup Inc. is expanding its foreign-exchange business with hedge fund and private-equity clients, part of a broader push as global trading volumes rise.

The bank sees the two segments as key opportunities, given its established position in corporate and real-money flows, said Flavio Figueiredo, Citi’s global head of FX trading, in an interview in Singapore. The strategy is to defend areas where it already has a strong footprint, and “attack the segments where we have low penetration,” he said.