(2010-09-01) Citi Hires Five To Convertibles Sales And Trading Team In Asia Pacific
Citi has made a series of hires across its convertibles (CB) franchise in Asia Pacifi
Key hires to support increased client flows
Citi has made a series of hires across its convertibles (CB) franchise in Asia Pacific to support further growth as client volumes and flows in this area continue to increase. These client sales and trading roles will help further expand Citi’s presence across the region and further cement the bank's top three position in the CB space in Asia Pacific.
PJ Andersson joined in the newly created role of Global Head of Pan Asian derivative and convertible sales, based in Hong Kong. PJ will be responsible for the distribution of all Asia Pacific equity derivative product including CBs. PJ moved from the US where he was head of institutional equity sales in the Americas for Citi. Also joining the CB team from Mizuho Hong Kong are Kim Wong and Paul Wood as directors on the CB sales and trading desk. These hires take Citi's dedicated Convertible Sales and Trading team in Asia Pacific to seven people, underlining the commitment to this important area for Citi in the region.
“We are seeing an increase in flows across our convertibles desk and this area is a priority for <a href=http://www.citibank.com.my>Citi</a> in Asia Pacific for investment in key talent. With Citi's global platform we are committed to supporting our clients in the region and across the world in the CB product area,” said Adrian Faure, head of equities for Citi in Asia Pacific.
Outside the region, Citi has also added Carol Marah as a director and James Short as a vice president on the London Asian Convertibles desk to further support clients outside the Asian time zone who are increasingly investing in Asian CBs. Carol joined from Morgan Stanley in London with James joining from Nomura.
Citi is a leading underwriter of primary CBs in the region, leading over US$20bn of CBs in Asia in the last five years according to data from Dealogic. This included last week's US$500m zero coupon dual tranche offering for Acer Inc, that Citi was joint books on, that re-opened the Taiwan CB market.
About Us: Citi, the leading global financial services company, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Through Citicorp and Citi Holdings, Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management. Additional information may be found at www.citigroup.com or www.citi.com.
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