Citi has expanded its markets business in Australia and New Zealand as it seeks to grow its presence in the region.
Markets revenue for the Japan, Asia North and Australia region at Citi was US$2.5 billion at year-end 2024, up 7% year-on-year.
Christian Ford has joined the group as director of high-touch executions for equities, while Andrew Bruce has been appointed head of low-touch execution.
Ford has more than 20 years of high-touch sales trading experience, most recently serving as managing director and head of sales trading at Jefferies Australia. Bruce joins the company from JP Morgan, where he has been an executive director of the global equities business since 2018 – first in Hong Kong, and later in Sydney.
Elsewhere, Nicolas Lebon has been named director of the corporate solutions group. He has more than a decade of experience from Crédit Agricole, where most recently he was director of global markets sales.
Dan Smith, who has been a director of prime service sales at the firm since 2016, has been promoted to head of prime finance for Australia in the equities business.
Christina Chang, head of markets for Australia and New Zealand, commented: “These appointments follow a record April result for our markets business, driven by volatile market conditions.”
In the region’s research division, Paul Buys has replaced Paul McTaggart as head of research. Previously head of research at Canaccord Genuity, and deputy head of APAC securities research at Credit Suisse, Buys has more than 25 years of industry experience.
