MARKETS | Staff Reporter, Hong Kong

Citi appoints David Russell as head of markets and securities services for Hong Kong

Citi has appointed David Russell as Head of Markets and Securities Services for Hong Kong. He will report to Patrick Dewilde, Head of Asia Pacific Markets and Securities Services and Weber Lo, Citi Country Officer & Chief Executive Officer for Citi Hong Kong and Macau in this role.

David will take up this role in addition to his current position as Asia Pacific Head of Securities Services, in which he will continue and to report globally and regionally. In this new role, David will be responsible for delivering on Markets & Securities Services priorities of growing market share, wallet share and share of mind across all customer segments. He will work closely with key stakeholders and his team to further capture and capitalize on opportunities across all M&SS product lines, improve client offerings and continue to strengthen our control and regulatory framework.

Weber Lo, Citi Country Officer & Chief Executive Officer for Citi Hong Kong and Macau, remarked, “David is an experienced leader with a track record of achieving excellent service in financial markets for corporates and institutions. As a senior banker in the region, David will bring enormous value, experience and synergy to the Hong Kong business, and be able to leverage the full strength of Citi’s global offering to serving clients across multiple businesses.” David will be a part of the Hong Kong country management team and partner across the Citi businesses to build the Hong Kong franchise.

David started his career in London and transferred to Hong Kong in 1992. Over the following years David worked in sales and origination roles in both Equities and Fixed Income before joining Citi in 2002. In his career at Citi, David has managed the Issuer business, Securities Finance, Custody and Funds unit, Prime / Delta1 and Futures.

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