Phillips and Chia to co-head debt syndicate at Citi

Citi confirmed yesterday that it has appointed Duncan Phillips and Terence Chia as co-heads of its debt syndicate desk for Asia ex-Japan. Both will continue to report to Benjamin Ng, head of Asia-Pacific syndicate and acquisition finance.

The move was triggered by former head of Asia debt syndicate Paul Au's resignation in late April. Au is set to start a new job as head of debt syndicate for Asia at UBS this month.

The decision to have two people co-manage the desk moves away from the previous structure, which saw Chia reporting directly to Au. The new structure is designed to double the senior level manpower. At this stage, there are no...