Richard Moore has decided to leave his role as regional head of EMEA, fixed income at Citi. In an internal memo sent to staff this afternoon, the bank says, “After 22 years of service at Citi, Richard Moore has decided to leave the firm to pursue a set of interests outside of banking. His management of Foreign Exchange (FX) and Global Rates and Currencies played a large part in the success of those businesses. He will work through March to facilitate an orderly handover and we anticipate announcing his replacement in the near future.”
Moore, whose background is very much in FX, found himself marginalised following the decision by the bank to create a fixed income, currencies and commodities (FICC) unit in late 2006. Informed sources say that with all costs being scrutinized, he decided to retire on a high rather than see out any further time. “He’s just decided to go off and count his money,” said one. “I can’t say I blame him.”