The global bank Citi is making a major push, bolstering its foreign exchange (FX) business across Asia with a fresh wave of senior hires and renewed focus on corporate and institutional clients.
Since September 2025, Citi has brought on board seven seasoned professionals across its FX sales and trading teams. These strategic additions are part of a broader move to capture rising regional FX flows and deepen relationships with corporate, institutional, and public-sector clients across Japan, North Asia, South Asia, including India, Australia, and beyond.
On the corporate side, Manoj Goel has been appointed Head of Corporate FX Sales for the India subcontinent, bringing along 23 years of experience in large cross-border FX deals. Meanwhile, Cassalynne Lou rejoins Citi in Singapore to strengthen advisory and corridor-driven FX services linking North Asia and Singapore.
Citi’s institutional FX presence is also getting a boost: Yusuke Aita joins as Director in Tokyo with 17 years of FX experience; Renee Gao enhances Hong Kong’s emerging-markets FX coverage; and Matthew Lim joins as Vice President in Singapore covering regional banks and real-money clients.
On top of that, the FX trading desk in Singapore sees the addition of options veteran Nicky Lam and SGD / emerging-market-currency specialist Jonathan Chua, rounding out a renewed push into both G10 and EM currency trading.
This hiring surge arrives on the heels of a strong performance for Citi’s Markets business in Q3 2025, with revenues reaching USD 5.6 billion — up 15%. Fixed income revenues also rose by 12%, boosted by increased activity in rates, currencies, and other products.
With these moves, Citi signals a deep commitment to growing its FX footprint across Asia, positioning itself to better serve a wide range of clients from corporates to institutions and public-sector entities.
Based on finews.asia materials.
