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.


Lifestyle

Survey: Wall Street Banks Still Top Silicon Valley, Hedge Funds for Freshly-Minted MBAs

Jun 21 2016 | 9:01pm ET

Contrary to concerns that Wall Street isn't as appealing to new graduates as it...

Guest Contributor

The Future of the Blockchain in Financial Services Communications

Jun 17 2016 | 1:05pm ET

Over the past year, a large portion of the financial services industry has awakened...