Citi Markets has appointed Christopher Chan as head of markets solutions for financial institutions for Asia South and Asia North, effective July 2025.

Based in Singapore, he will report to Cecile Gambardella, head of markets sales for Japan, Asia North and Australia and Asia South, and to Sue Lee, head of markets for Asia South.

In his new role, Chan will be responsible for driving the overall strategy to provide bespoke hedging, financing, investment solutions for the firm’s financial institution clients across its markets business.

Chan joins the firm from Goldman Sachs, where he spent over 10 years as head of FICC ( fixed income, currency and commodities ) and equity distribution for Southeast Asia and board member of Goldman Sachs Singapore.

He has over 28 years of experience across markets and debt capital markets, holding multiple senior banking, solutions and sales roles at Deutsche Bank and Nomura before Goldman Sachs.

His appointment follows a series of external appointments for the markets business, including:

• Nattaphan Assavavisessivakul as head of markets for Thailand from BNP Paribas in August 2024;
• Anand Goyal as head of FX institutional sales for Asia South, Japan, Asia North and Australia from J.P. Morgan in December 2024; and
• Ng Hooi Wan as head of markets for Malaysia from J.P. Morgan in December 2024.

On April 15, Citi reported its best first-quarter earnings since 2022. Markets revenues rose 12% to US$6 billion, driven by growth in fixed income and equity markets.

Revenues from fixed income increased 8% to US$4.5 billion driven by growth across rates and currencies as well as spread products and other fixed income businesses. Equity revenues jumped 23% to US$1.5 billion, primarily driven by equity derivatives, on increased market volatility and higher client activity, as well as momentum in prime services.