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Citi’s markets business in region sees FX flows rise over 20% in Q1, led by Singapore
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Ms Sue Lee, Citi’s head of markets in Asia South, says Singapore is well-positioned to benefit as a foreign exchange hub.
PHOTO: CITI
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SINGAPORE – Institutional foreign exchange (FX) flows for Citi’s markets business in the region have risen more than 20 per cent amid market volatility, with Singapore recording the highest volumes.
Gyrations from US tariffs and global slowdown fears fuelled the year-on-year increase in the first quarter, the bank’s head of markets in Asia South, Ms Sue Lee, told The Straits Times in an interview.
