RJ O’Brien Hires Citi FX Veteran

Tom Fitzpatrick, who recently left Citi after almost 40 years with the US bank, has been named managing director, global markets insights at broker-dealer RJ O’Brien.

Fitzpatrick started his career as a junior bank official for Chase Bank of Ireland in his native country and began to specialise in FX when he joined HSBC as a junior FX assistant. He moved to South Africa in 1984 as an analyst for Nedbank, and then joined Citi in FX sales, working out of the Johannesburg area.

In 1987, he transferred to Citi London to join corporate FX sales, where he also covered investor, hedge fund and central bank clients as well as sovereign wealth funds before assuming the role of head of FX institutional sales., in which role he relocated to New York in 1996.

From 1999 until June of this year, Fitzpatrick has been managing director at Citi, where he also served as Global head of the CitiFX Technicals product within the G10 FX business. In that role, he produced commentary focused on macroeconomic developments across all asset classes – including interest rates, equities and commodities, in addition to FX – after evolving from a technical product centred on FX.

“We’re absolutely thrilled to have Tom on board as we continue our expansion into new asset classes and geographies,” says Daniel Staniford, RJO president and chief sales officer. “I had the pleasure of working with him at Citi, and the quality and depth of his analyses are simply unparalleled in the industry. This new role will provide our strong and growing client base with valuable new insights based on Tom’s passion for the markets and his thorough, thoughtful review that captures not only market fundamentals and psychology but also economic and financial history.”

Fitzpatrick adds, “I am delighted to join RJO, which I believe will be a tremendous fit for this next chapter in my career. The feedback I’ve received and what I’ve been able to observe already reinforces that this is the right organisation for me, reflected in a strong culture and people of integrity who love what they do. I’ve known Dan for many years and am excited to work with him directly again, particularly as the firm is building new, cross-asset opportunities for its clients across the globe.”