Citi Hires Nomura, Wells Traders in FX Business Push Across Asia

Citigroup Inc. has hired seven personnel, including former traders from Nomura International and Wells Fargo, to boost its foreign-exchange business in Asia.

Nicky Lam , formerly of Nomura in Singapore, has joined Citi’s Group-of-10 currency options trading team as director, according to a company statement seen by Bloomberg. Former Wells Fargo and NatWest Markets trader Jonathan Chua has also joined Citi’s FX trading desk as a Singapore dollar trader and will report to director Dany Checrallah .

Meanwhile, HSBC’s former head of global markets corporate sales, Manoj Goel , has been appointed head of corporate FX sales for the Indian sub-continent, the statement said. Cassalynne Lou has joined the Singapore corporate FX sales team, reporting to Galvin Phua , head of markets solutions for Citi’s commercial bank clients.

The flurry of appointments comes after global FX trading soared to an all-time high of as volatility picked up on the back of US President Donald Trump’s trade tariffs. Citi Markets reported a 12% rise in fixed-income market during the third quarter, driven by growth in rates, currencies and spread products, among others, the statement said.

Citi also made hires for its institutional foreign-exchange sales business.

Yusuke Aita , formerly of BNP Paribas, has been appointed a director in Tokyo. Renee Gao has joined Citi as director in Hong Kong from HSBC, and Matthew Lim, formerly of UBS, has been named vice president in Singapore.