Tuesday, 21 March 2023

Citi appoints Mark Woodruff as markets head for Australia, New Zealand

5 min read

Citi has found a replacement for its head of Australia and New Zealand markets, Luke Randell, who announced his intention to retire in March.

The role is going to Mark Woodruff, a Citibanker since 2002.

Woodruff’s served as head of FX and corporate derivative sales during his two decades at the bank’s Australian outpost. Most recently, he was Citi’s head of investor sales for the region.

“In this role, Mark has consistently increased franchise revenue and market share, by driving key client segment initiatives, particularly across Superannuation Funds and Financial Intermediaries. Mark is a trusted and esteemed leader both internally and to our clients,” Citi ANZ CEO Marc Luet and APAC markets head Julia Raiskin said in a memo sent to staff on Thursday morning.

Woodruff’s reporting to the two, and is in handover period with Luke Randell ahead of the latter’s last day on May 27.

He’s keeping his old role as Citi’s head of investor sales for Australia and New Zealand. But adding responsibility for Citi’s regional product delivery to his remit. The new role also puts him on the bank’s executive committee for Australia and New Zealand and the regional markets OpCo.

Randell’s leaving Citi after 31 years. He built out Citi’s market share in local brokering, ran its global trading out of Japan and started the bank’s local transitions and warrants business.


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