Fortress Hires Citi Forex Chief, Ex-Deutsche Currency Trader

Jun 18 2014 | 8:34am ET

Fortress Investment Group has added some impressive firepower to its currency-trading effort.

The alternative investments giant hired Citigroup’s foreign-exchange chief, Jeff Feig, as well as Deutsche Bank currency trader Christopher Fahy. The former will serve as co-chief investment officer of Fortress’ Macro Fund when he joins the firm in the fall. The latter was named a managing director at the firm’s liquid markets business.

Feig’s move ends a 25-year career at Citi, with the last 10 spent leading its forex business. Feig’s boss, Anil Prasad, preceded him out the door in February.

“Given his tenure in his role, this departure was well-anticipated, and part of the natural cycle of the business,” Citi said.

Fahy’s exit from Deutsche Bank was less harmonious: He was dismissed for inappropriate communications.


In Depth

An Interview With Harvest Volatility Management's Rick Selvala

Mar 23 2017 | 5:39pm ET

Several years of extremely low interest rates have pushed some investors into equities...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

SEI: Private Debt Coming Into Its Own

Mar 8 2017 | 9:24pm ET

The explosive growth of private debt over the past few years has caused the lines...

 

From the current issue of