The move follows a number of senior hires made by Citi recently as the firm targets Asia.

Citi has added to its markets team in Asia this week with the appointment of two senior figures from JP Morgan. 

Anand Goyal is joining Citi as head of FX institutional sales for Japan, Asia North & Australia and Asia South clusters, the firm said in a statement. He is expected to start in December and and will be responsible for developing Citi’s distribution efforts for financial institutions' clients in FX. He will also partner with Citi’s banking, services and wealth businesses.

Citigroup's integrated business model, the corporate banking side, and capital markets part of the bank typically work closely with the private banking arm, given that many high net worth and ultra-HNW clients own operating companies.

Based in Singapore, Goyal will report to Cécile Gambardella, head of sales for markets for Japan, Asia North and Australia clusters and Sam Hewson, global head of FX sales. Goyal was previously head of MacroX and real money sales for Asia Pacific at JP Morgan, where he began his career as an analyst in investment banking technology.

“As we look to build on our market leading position across the region, Anand’s appointment is a significant move that aligns with our strategy. His expertise will enhance our ability to deliver tailored FX solutions and foster stronger partnerships with our institutional clients,” Hewson said.

Meanwhile, Hooi Wan Ng (pictured) will be joining Citi as head of markets for Malaysia, effective December 2024, subject to local regulatory approvals. She will report to Sue Lee, head of markets for the Asia South cluster and Vikram Singh, Citi country officer and banking head for Malaysia. Most recently, she was head of local corporate sales and private side sales at JP Morgan, where she has served since 2011.

Hooi Wan has over 24 years’ experience in banking and financial services in Malaysia. She started her career in the corporate banking team at Bank of Tokyo-Mitsubishi, before doing a stint at Southern Bank Berhad. She joined Standard Chartered Bank in 2006 where she was responsible for local corporate sales in global markets and syndication in debt capital markets.

The move follows the appointment of Ngo Hong Minh as head of markets and country treasurer for Vietnam who joined Citi in December 2023 from JP Morgan.

“Malaysia is a key market for Citi globally, where we are seeing strong growth across our interconnected businesses. Malaysia is at the forefront of investments, both foreign and domestic, as it continues to benefit from supply chain shifts,” Singh said.

“She will lead the markets business in Malaysia with a client centric approach, leveraging our global footprint and solution structuring capabilities,” Lee added.

Citi has made a number of hires in Asia, most recently with the appointment of Tokiya Kishie as head of markets for Japan.

Citi’s markets' business serves corporates, institutional investors and governments from trading floors in almost 80 countries. Citi is a preeminent banking partner for institutions with cross-border needs, a global leader in wealth management and a personal bank in its home market of the United States.