Citi has announced a series of new appointments across its Australia and New Zealand (ANZ) markets business following strong revenue growth.
According to the company, the recent hires span across market sales, asset-backed securitisation and financing, G10 rates trading, corporate access, FX and equities electronic execution.
Namely, Peter Hext has recently started as head of asset-backed securitisation and financing for ANZ.
According to Citi, Hext is currently a director and has been with the company for over 13 years, most recently as the head of commercial asset-backed securitisation in New York. Before joining Citi, he was a management consultant at PricewaterhouseCoopers.
Moreover, Dan Birch joined Citi in August as head of markets sales for New Zealand, responsible for driving local client engagement, with the firm citing this as one of its key growth markets.
Birch has also been appointed as director and joins from Perennial Partners where he was the head of institutional sales for almost six years.
Other appointments include Ankit Khandelwal to Citi’s G10 rates trading team and Melanie Vandervord to the access strategies team, covering Australia and New Zealand.
“The Australia and New Zealand markets business is experiencing material growth, and these recent appointments will strengthen our ability to deliver increased value to our clients,” said Cristina Chang, Citi’s ANZ head of markets.
“We are investing in our capabilities to ensure we have the skills and experience needed to meet our clients’ complex needs in a dynamic market environment.”
The company has also expanded its corporate FX sales team with two new additions and has welcomed a new sales trader to the equities electronic execution function, it clarified on Monday.
These hires follow several staff restructures within Citi’s local operations this year, particularly within its executive team.
In February, Chang joined the company in her current capacity as ANZ head of markets, succeeding Mark Woodruff, who was appointed Citi Australia chief executive in 2023.
Before this, she was head of asset-backed financing and securitisation for Asia-Pacific.
Moreover, Stefan Boisen succeeded Derek Syme as New Zealand chief executive in March after the latter retired at the end of last year.
Citi’s Australian business has also made two significant internal appointments in 2024: Nicki Ashton as head of financial institutions sales and solutions and David Bailey as head of debt capital markets ANZ.
