Citigroup, Inc (NYSE: C) announced on Monday that it has appointed a number of new executives for its Asia business, including PJ Anderson as the company’s new global head of pan-Asian derivatives and convertible sales as part of a series of hires in its Asian convertible bonds team.
Andersson formerly worked in Citigroup’s institutional equity sales unit in the Americas. In his new role, he will be responsible for distributing Asia-Pacific equity derivative products, including convertible bonds. He will be based in Hong Kong.
Citigroup, Inc (NYSE: C) also said that it has hired Mizuho Hong Kong’s Kim Wong and Paul Wood as directors on the convertible bond sales and trading desk as directors. The New York-based bank also said that it hired Carol Marah from Morgan Stanley as a director of the London Asian convertible bonds desk and James Short from Nomura Holdings Inc. as a vice president of the team to support clients outside the region.
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 down 1.23% hitting $4.03 during mid-day trading on Tuesday.
