Citi Adds Eight To Asian Prime Brokerage

Apr 23 2010 | 1:08pm ET

Citigroup is beefing up its Asia-Pacific prime brokerage business with eight new hires across three offices in the region.

The new appointments are headlined by the additions of Simon Ng as chief operating office for Citi’s Hong Kong futures group and Dagmar Baeuerle to its consultancy services. Ng joins from HSBC Holdings, while Baeuerle comes from Crown Advisors International.

Also joining the firm’s Hong Kong prime services group at Kenneth Leung as senior vice president for risk management, Citic Securities International Capital’s Mattan Lurie as a member of the capital introduction team, and Becky Yang as a member of its sales team.

In Singapore, Citi added Morgan Stanley veteran June Chan as director of client  servicing and Goldman Sachs’ Neil Toy to the sales team.

JPMorgan Chase’s Miles Tissington joined Citi in Sydney, Australia, on the futures desk.

“These appointments are an indication of the growth of prime finance in the Asia-Pacific region,” Hannah Goodwin, Citi’s head of prime finance in Hong Kong, said. “We are still looking to expand our presence in the region, most notably for synthetic and stock loan trading in Hong Kong and Sydney.”

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