Citigroup has poached Adrian Faure from Macquarie Securities Asia to be its new head of Asian research. He will replace Otto Wong who left the firm last week. According to Wong, he is retiring from the industry in order to spend time with his young family and concentrate on competitive Ironman and triathlon races.
In the five years that he was running Citigroup's Asian research operations, the bank moved from 13 to third in the Institutional Investor rankings and increased its coverage from 17 analysts in three markets to 54 analysts in eight markets. He leaves Faure a good platform.
Faure's move to Citigroup adds another bank...
