Citi Private Bank has brought in Oscar Salem as a director and foreign exchange investment specialist, based in New York.

Reporting to Francois Du Pasquier, head of foreign exchange and commodities in North America, Salem will oversee the bank's currency business across the Southwest region.

Du Pasquier said Salem will play a key role in helping the firm develop its foreign exchange business, structuring solutions and offering advice to ultra high net worth clients.

Salem is latterly of Krieger Capital Management, where he was head of investor relations in Houston, TX. Before that, he worked for Wells Fargo, also in Houston, as director and foreign exchange specialist covering Texas, New Mexico and Oklahoma. He has also held a number of foreign exchange sales and trading positions at HSBC and Banamex.

In other recent moves at Citi, last month Ary Velasco was taken on as a director and UHNW private banker at its office in Miami, FL.