Citigroup, which gets about half of its revenue from emerging markets, named Mark Slaughter as Asia-Pacific head of corporate and investment banking.
Bloomberg News reports that Slaughter, 58, was most recently global chief operating officer for corporate and investment banking in New York.
He replaces Farhan Faruqui, who ended a five-year tenure in that role in May to join Australia & New Zealand Banking Group as CEO.
In the meantime, Bloomberg also reports that Deutsche Bank has lost two London-based asset-backed debt traders, with Chris Brown joining U.S. hedge fund One William Street Capital Management LP.
His former colleague Siddharth Mittra departed to join Credit Suisse Asset Management in London, according to three people with knowledge of the move, who asked not to be identified because they’re not authorized to speak about it.