Duncan Phillips has been appointed managing director of Citi’s Asia-Pacific debt syndicate desk as the financial institution’s business in the bond space continues to grow.
Not only is Phillips a 12-year veteran at Citi responsible for the origination and execution of the region’s bond deals but he also oversees the bank’s medium-term note business in Asia.
His new role will be effective from January 1, 2015 and he reports to Ben Ng, head of syndicate and acquisition finance, a spokesperson confirmed.
The promotion is reflective of Asia’s burgeoning debt capital markets, with Citi’s share of it growing at a rapid pace.
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