Citi Hong Kong named two internal hires for senior appointments in its institutional clients group.
Charles Lam has been named the Hong Kong head of markets, while Carolyn Chan has been tapped as the Hong Kong head of securities services, Citi said in a press release Tuesday.
For the head of markets position, Lam will be responsible for developing and implementing product strategies for equities, fixed income, rates and currencies, commodities and spread products, Citi said, adding he will continue to oversee the financial institution sales and solutions business in Hong Kong and on the mainland.
Internal Moves
In 1998, Lam joined Salomon Smith Barney, which later became part of Citigroup, and has since held sales and trading roles globally, Citi said. He has been the head of G10 rates flow sales for Asia ex-Japan, head of investor sales for Hong Kong and head of G10 rates sales for China and Hong Kong, as well as holding other fixed income and derivatives trading positions globally, Citi said.
Lam will report to Julia Raiskin, head of markets for Asia Pacific, and to Angel Ng, CEO for Hong Kong and Macau and the head of Citi global wealth for Asia Pacific, the release said. In other internal moves, Ng was named to the role of head of global wealth for Asia Pacific in April, while Raiskin became head of markets for Asia Pacific in March.
Chan Takes New Role
Separately, Chan will lead the Hong Kong securities services business, which services financial institutions, investors and issuers with products including such as custody, clearing, asset servicing, fund and exchange-traded fund (ETF) administration and other middle-office and execution services, Citi said.
Chan will report to David Russell, the Asia Pacific head of securities services, and to Ng, the release said. Chan joined Citi in 2011 after a legal career in the fund industry, and has since held senior roles in Hong Kong and regionally before becoming the Asia Pacific head of trustee and fiduciary services in 2015, a role she continues to hold, Citi said.
