All Entries in the "Citi Capital Markets" Category
Citi appoints Amol Gupte Head of Transaction Services for Asia
Citi has appointed Amol Gupte as Citi Transaction Services (CTS) head for the Asia Pacific region, effective May 1. Amol will be based in Hong Kong and will report to Rodrigo Zorrilla, Citi Chief Operating Officer Asia Pacific and Francesco Vanni d’Archirafi, CEO CTS. In this new role, Amol will become a member of the [...]
Citi Goes Live on SMX as General Clearing Member
Singapore Mercantile Exchange (SMX), the first pan-Asian multi-product commodity and currency derivatives exchange, announced March 29 that Citi has become active on SMX as a General Clearing Member. Acting via Citigroup Global Markets Singapore Securities, Citi is now able to trade and clear for its global customers on SMX. Existing and prospective Broker Members and [...]
Citi Names Cheeping Yap as Head of Fund Services for Asia
Citi announced March 1 the appointment of Cheeping Yap as Head of Fund Services for Asia ex Australia for its Securities and Fund Services (SFS) business. In this new role, Cheeping, who will continue to be based in Hong Kong, will be responsible for growing Citi’s fund services platform for the Asia Pacific region. He [...]
Citi Orient Securities Received CSRC Approval
Citigroup Global Markets Asia and Orient Securities Company Ltd jointly announced January 11 that Orient Securities has received preliminary regulatory approval from China Securities Regulatory Commission (CSRC) to set up a joint-venture securities firm in China. The entity, to be named Citi Orient Securities Co Ltd (东方花旗证券有限公司), will be based in Shanghai. The joint-venture will [...]
Citigroup Sues Singapore Hedge Fund Manager
Citigroup Inc. (C)’s Singapore unit sued Hong Kong-based hedge fund manager Raghavendran Rajaraman, seeking to recoup $1.03 million in trading losses the bank says he incurred after gold fell from a record high in September. Rajaraman had $19.2 million worth of gold in his account on Sept. 23 which the bank sold, along with other [...]
Administrative Action on Citigroup Global Markets Japan
1. The Securities and Exchange Surveillance Commission (SESC) conducted an inspection on Citigroup Global Markets Japan Inc (hereinafter referred to as the ”Company”), and found the following violation of the Financial Instruments and Exchange Act (hereinafter referred to as the ”FIEA”). On December 9, 2011, the SESC recommended to take administrative action against the Company. [...]
Japan FSA Recommends for Administrative Action Against Citigroup
Contents of the Recommendation Pursuant to Article 20, paragraph 1 of the Act for Establishment of the Financial Services Agency (FSA), today, on December 9, 2011, the Securities and Exchange Surveillance Commission (SESC) issued a recommendation that the Prime Minister and the Commissioner of the FSA take administrative action and any other appropriate measures against [...]
Aviva Investors Appoints Citi To Provide Collateral Management and OTC Derivatives Services
Citi announced December 8 that it has been appointed by Aviva Investors Asia Pte Ltd to support its OTC derivatives middle office requirements including collateral management in Asia. The service will include trade capture, confirmation, affirmation, life cycle support, daily valuations, margin calculations, dispute resolution, settlement, custody as well as accounting. This mandate extends the [...]
Citibank Launches Institutional & High Net Worth Fund Platform in Asia
Citibank announced December 8 the launch of its Institutional & High Net Worth Fund Platform, a new service that provides Citigold Private Clients in Asia Pacific access to high-conviction unit trusts from top-tier global fund managers, especially share classes of funds that have been traditionally available to institutional and ultra high net worth clients. The [...]
Citi Clears First Asian Trades on LCH.Swapclear
Citi cleared its first interest rate swaps November 10 on LCH.Swapclear for clients in the Asia Pacific (APAC) region. The firm has now cleared over US$28 billion in notional interest rate swaps for its clients across the Americas, Europe and now APAC. In addition to successfully clearing interest rate swaps on LCH.Swapclear, Citi has successfully [...]
