Apr 17, 2013
Hong Kong, April 15th 2013 - Citi today announced the appointment of Joseph Chang as Head of Prime Finance in Asia Pacific. In this role, he will oversee Prime Finance, Futures and Prime Finance Delta One activity in the region. Chang is based in Hong Kong and will report to Nick Roe, Global Head of Prime Finance, and Nadir Mahmud, Asia Pacific Head of Markets.
“The increasing pool of hedge funds in Asia and hedge fund interest in the region from developed markets such as the United States and Europe mean Citi is ideally placed to become the leading prime broker in the region. With his experience and leadership skills, Joseph is well positioned to help drive that effort,” said Roe.
“As the leading flow house in Asia Pacific, Citi is the first port of call for clients seeking solutions for their strategic investment needs. Prime Finance is a key component of that and we are pleased Joseph will take the lead in delivering our world class platform to clients,” said Mahmud.
Prior to this, Chang was regional business manager for the Equities franchise in Asia Pacific, and had previously been Asia Pacific Head of Equity Trading.
Prime Finance is a comprehensive, integrated business unit comprised of prime brokerage, financing solutions and capital introductions - supported by cutting edge technology and advanced reporting. By combining our multi-broker, multi-strategy capabilities with our global reach, Citi is ideally positioned to help our clients anticipate and address the complexities of strategic investment.
By leveraging and enhancing Citi's corporate strengths in over 100 markets globally, Prime Finance now serves clients in more than 70 countries - delivering 24-hour coverage through experienced industry professionals. In Asia Pacific this includes offices in Hong Kong, Tokyo, Sydney and Singapore.
Re-disseminated by The Asian Banker