Deutsche Bank's Murphy Joins Citi In Asia Prime Brokerage Push

Sep 2 2011 | 9:39am ET

Two years after he was named co-head of prime brokerage in Asia ex-Japan at Deutsche Bank, David Murphy is on the move.

Murphy is to join Citigroup, where he will lead prime finance in the Asia-Pacific region. He'll take over from Hannah Goodwin in December; Goodwin will remain at the firm, answering to Murphy as head of prime brokerage in the region, handling its client-facing business, Citi said in an internal memo seen by Reuters.

The hire of Murphy comes as Citigroup seeks to boost its headcount in Asia by about 80 people this year.

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