Tuesday, 26 July 2016
Last updated 3 hours ago
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.