25^th April 2025

• Christopher Chan joins Citi Markets as Head of Markets Solutions for Financial Institutions for Asia South and Asia North, effective from July 2025

• He will be based in Singapore and report to Cecile Gambardella, Head of Markets Sales for Japan, Asia North and Australia and Asia South, and matrix report also to Sue Lee, Head of Markets for Asia South

• In this new role, Christopher will be responsible for driving the overall strategy to provide bespoke hedging, financing, investment solutions for our Financial Institutions clients across Markets.

• Christopher joins from Goldman Sachs where he spent over 10 years as Head of FICC and Equity Distribution for Southeast Asia and Board Member of Goldman Sachs Singapore.

• He brings over 28 years of experience across Markets and DCM as he held multiple senior Banking, Solutions and Sales roles in Deutsche Bank and Nomura before Goldman Sachs.

• This hire underlines Citi’s commitment to invest in key talent to support clients. This appointment follows a series of external appointments for the Markets business including:

  • Nattaphan Assavavisessivakul as Head of Markets for Thailand from BNP Paribas in August 2024

  • Anand Goyal as Head of FX Institutional Sales for Asia South, Japan, Asia North & Australia from JPMorgan in December 2024

  • Ng Hooi Wan as Head of Markets for Malaysia from JP Morgan in December 2024

• On April 15, Citi reported its 1Q2025 earnings that underlined Citi’s progress, including Markets. Best first quarter since 2022.

• Markets revenues of $6.0 billion increased 12%, driven by growth in both Fixed Income and Equity markets revenues.

• Fixed Income markets revenues of $4.5 billion increased 8%, driven by growth across Rates and Currencies as well as Spread Products and other fixed income.

• Equity markets revenues of $1.5 billion increased 23%, primarily driven by equity derivatives, on increased market volatility and higher client activity, and momentum in Prime Services.