Citigroup, Inc (NYSE: C) announced on Tuesday that it has hired Ian Smith as the company’s new head of Citi’s electronic execution product for the Asia-Pacific region.
Smith, who will be based in Hong Kong in his new position, formerly worked at Credit Suisse Group where he was head of advanced execution services product for the region. Citigroup said that he will lead a team of five professionals. Smith will report to Paul Sanger, Asia Pacific head of execution services.
The appointment was first reported by the Wall Street Journal on Tuesday.
Citigroup Inc. (Citigroup) is a global diversified financial services holding company. The Company provides consumers, corporations, governments and institutions with a range of financial products and services. As of December 31, 2009, Citigroup had approximately 200 million customer accounts and did business in more than 140 countries. Citigroup operates through two primary business segments: Citicorp, consisting of its Regional Consumer Banking (RCB) businesses and Institutional Clients Group (ICG), and Citi Holdings, consisting of its Brokerage and Asset Management (BAM), Local Consumer Lending (LCL), and Special Asset Pool (SAP). In April 2010, Barclays PLC acquired Italian credit card business of Citibank International Bank plc. In May 2010, the Company announced the creation of a new Collateral Management Services unit within its Securities and Fund Services business.
Shares of Citigroup, Inc (NYSE: C) traded up 2.20% on Monday ending at $4.19.
