Former Colleagues Narrow Gary Stevenson’s Citi Claim to $35 Million G10 FX Profit in 2011
Updated
Updated · Financial Times · Jul 21
Former Colleagues Narrow Gary Stevenson’s Citi Claim to $35 Million G10 FX Profit in 2011
2 articles · Updated · Financial Times · Jul 21
Summary
$35 million in 2011 made Gary Stevenson Citi’s top G10 foreign-exchange trader for one year, two former colleagues told FT Alphaville, narrowing his broader claim that he was the bank’s most profitable trader worldwide.
Those colleagues said any ranking beyond developed-market FX was effectively unknowable because Citi did not appear to keep a bank-wide profitability league table, and one cast doubt on Stevenson’s claim that a confirming spreadsheet existed.
The clarification partly softens earlier pushback from ex-colleagues, some of whom had said Stevenson was not even the top earner on his own STIRT desk, but it still leaves his global No. 1 claim unsupported.
The dispute matters because Stevenson, now a YouTuber with 1.6 million subscribers and a campaigner for a 2% wealth tax on assets above £10 million, has used his Citi record to bolster his public authority on inequality.