citi

Cécile Gambardella, will relocate from Paris to Hong Kong, to become head of sales markets, Japan, Asia North, Australia and Asia South. Citi has also set-up a unit in Japan to serve "mid-sized companies", which Yutaka Naito will lead.

The deal, including the transfer of 300 employees and around $3.6bn of assets and deposits, was announced in October 2023 as part of a wider strategy by Citi, which has now closed sales of consumer units in nine markets.

Based in Bangkok, Nattaphan Assavavisessivakul will become Citi's head of markets, Thailand, in August.

This new cluster, to be led by Marc Luet, includes the bank's markets in Australia, China, Hong Kong, Japan, Macau, New Zealand, South Korea and Taiwan.

Issuance hit $14.8bn, according to data from Dealogic, with Citi leading the underwriting league table.

China’s green tech is leading the way, but a structural challenge domestically is more crucial, an audience of investors heard in Hong Kong.

Luet, currently head of Citi's Japan Cluster, will oversee Australia, China, Hong Kong, Korea, New Zealand and Taiwan, with Ng retiring after 26 years with the bank on April 5.

Cristina Chang will lead Citi ANZ’s markets business while retaining her role as head of asset backed financing, spread products, Asia North, Australia and South Asia.

FinanceAsia recently caught up with Udhay Furtado and Kenneth Chow, co-heads of Asia equity capital markets, Citi, on the health of the region's IPO market.