citi-names-industrials-head-for-asia

Citi names industrials head for Asia

Michael Borch transfers from Europe to take over as head of Asian industrials within the investment banking division.

By Edward Russell

January 21, 2009

Citi has appointed Michael Borch as the new head of its Asian industrials investment banking business. The move of yet another banker from outside Asia to this region represents a commitment to the Asian market at a time when the future of investment banking lies in question.

Borch previously served as CitiÆs European transportation investment banking head in London.

He fills a vacancy in CitiÆs investment banking team left open by the October departure of Shaheryar Chishty. Based in Hong Kong, Borch will focus on transportation, infrastructure, automotive and conglomerates.

ôGiven Michael's background, experience and track record of working with clients, he is ideally placed to lead the team forward,ö says a Citi representative. ôKey...

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