Citigroup appoints three for Chinese securities business – Source

Citigroup appoints three for Chinese securities business – Source


The Citigroup Inc (Citi) logo appears at the SIBOS Banking and Financial Conference in Toronto, Ontario, Canada, October 19, 2017. REUTERS/Chris Helgren/File Photo

Register now to get free unlimited access to Reuters.com

HONG KONG (Reuters) – Citigroup has hired three bankers for its planned securities business in China, a person familiar with the matter said.

The source said it has appointed Kenneth Coe as the company’s CEO, Rochelle Wei of JPMorgan to lead the futures unit and John Law to head its internal equity business.

Citigroup declined to comment.

Register now to get free unlimited access to Reuters.com

Koo and Lu did not immediately respond to a request for comment sent on LinkedIn. Wei did not immediately respond to an emailed request for comment.

Koo was previously the lead representative for Citigroup on its mainland joint venture with Orient Securities that ended in 2019.

Bloomberg News first reported the new hires on Thursday.

Last year, Citigroup applied for a license to Chinese securities as part of its efforts to ramp up business in the market. Read more

Register now to get free unlimited access to Reuters.com

Additional reporting by Scott Murdoch and Selina Lee in Hong Kong; Editing by Sherry Jacob Phillips

Our criteria: Thomson Reuters Trust Principles.



Source link

Leave a Comment