Citigroup is boosting its Asian prime brokerage with a pair of hires, including a new head of derivatives clearing in advance of new rules in Hong Kong.
Thomas Treadwell was named business manager for derivatives clearing in Hong Kong and Martin Visairis as head of capital introduction for Asia-Pacific, Bloomberg News reports. The two are among 15 new hires by Citi's Prime Finance business in Asia this year, and the firm plans to add another 10 in 2011.
Treadwell will first work on bring U.S. and European derivatives to Citi's Asian clients. He is also charged with building clearing relationship's with the region's exchanges; Hong Kong plans to create a central registry and clearinghouse for over-the-counter derivatives trading by 2012.
Treadwell joins Citi from Barclays, where he was head of prime services in Singapore. He started at his new job last week.
Visairas most recently worked at Old Mutual Asset Managers, after serving as head of capital introduction in Asia at Merrill Lynch.