BWI: Citi Names Richard Macfarlane as Head of Execution Services for India

Press release from Business Wire India
Source: Citi
Tuesday, October 27, 2009 04:40 PM IST (11:10 AM GMT)
Editors: General: People; Business: Accounting & management consultancy services, Banking & financial services, Business services, Financial Analyst
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Citi Names Richard Macfarlane as Head of Execution Services for India


Mumbai, Maharashtra, India, Tuesday, October 27, 2009 -- (Business Wire India) -- Citi today announced it has appointed Richard Macfarlane as head of execution services for its India franchise. Based in Mumbai, Richard will jointly report to Citi India Head of Equities, Nikhil Nagle and Citi Asia Pacific Head of Execution Services, Paul Sanger.

In this newly created role, Richard will be responsible for the entire suite of equity and equity derivatives sales trading and trading platforms.

'Richard's appointment will help Citi further expand and strengthen our equities execution capabilities in the Indian market, especially with our offshore client base,' said Nikhil Nagle.

'With a career spanning over 20 years in a variety of roles within the equities business across Asia Pacific, Richard brings considerable experience to the team. His appointment further underlines Citi's commitment to grow our equities platform in the local market,' said Paul Sanger.

Citi Global Markets' equity franchise in India is widely recognised as one of the leaders in the market, picking up best India Equity House from Euromoney (2008) and IFR (2005-2007) respectively. Citi was also awarded best Foreign Investment Bank in India by Finance Asia this year. Citi is a leading underwriter of Indian equities, having led key IPOs and other equity offerings during 2009 that helped raise close to US$5bn for Indian issuers according to Dealogic data.

Richard joined Citi Global Markets India from HSBC Private Bank where he most recently ran its investment group based in Singapore. Prior to that, Richard spent ten years with UBS across different markets in Asia Pacific including Indonesia, Malaysia, Taiwan, Korea and Hong Kong before moving to London in early 2001 to run its European sales-trading.

Citi has been on a hiring spree recently across its equities business, adding key personnel across the region. Last week Citi named John Jacobson as Asia Pacific Head of Equity Sales after appointing Adrian Faure as Asia Pacific Head of Equity and Paul Sanger as Asia Pacific Head of Execution Services. Earlier this year Joseph Chang joined Citi as Asia Pacific Head of Equity Trading.

About Citi

Citi, the leading global financial services company, has approximately 200 million customer accounts and does business in more than 140 countries. Through Citicorp and Citi Holdings, Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, and wealth management. Additional information may be found at www.citigroup.com or www.citi.com.


CONTACT DETAILS
Julia Zilberman, Citi, +91 (22) 40015056, julia.zilberman@citi.com
Indu Anand, Citi, +91 (124) 4186766, indu.anand@citi.com
Shreela Roy, IPAN Hill and Knowlton, +91 9820149119, sroy@ipanhillandknowlton.com

KEYWORDS
PEOPLE, CONSULTANCY SERVICES, BANKING, BUSINESS SERVICES, Financial Analyst

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