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-Citi relocates credit trading to Sydney from Hong Kong.

Global Banking News-September 16, 2011--Citi relocates credit trading to Sydney from Hong Kong(C)2011 ENPublishing -

Global Banking News - 16 September 2011

The Citi unit of Citigroup Inc (NYSE: C) has decided to relocate its Australian dollar credit trading desk from Hong Kong to Sydney, and has named a new head of G-10 rate strategy for the Asia-Pacific region based in Sydney.

'We also see that there is also a considerable opportunity for Citi in Australian credit, so we're relocating the trading of credit from Hong Kong to Sydney,' said Chris Cox, co-head of Global Markets, Citi Australia and New Zealand.

In a newly created role, Steve Mansell has been appointed as head of G-10 interest rate strategy. Mansell has transferred from Citi in London, where he was director, international rates strategy. Additionally, David Nardiello has transferred from New York, where he was the bank's head of exotic derivatives trading.

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Publication:Global Banking News (GBN)
Geographic Code:9CHIN
Date:Sep 16, 2011
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