Former HSBC head rejoins Citi in Hong Kong after 12 years

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Former HSBC head rejoins Citi in Hong Kong after 12 years

Citi has hired structured products specialist Agnes Shea as a private banker in its Hong Kong office. Shea spent the past two years as the Hong Kong-based co-head of Asian private banking sales at Swiss derivatives firm Leonteq, where she provided product ideas and trading strategies for Hong Kong and Singapore.

Prior to that, Shea worked for HSBC for about four years. She joined as a senior structured products and brokerage manager in wealth management, and was promoted in February 2018 to head of brokerage and structured products for Asia Pacific, according to her LinkedIn profile.

The Cornell University graduate began her career in 2006 as an associate in equity derivatives sales at KBC Financial Products. She then did an initial brief stint at her current employer, Citi, working in structured products sales between 2007 and 2008. Shea worked in equity derivatives sales at BBVA for just over two years before joining HSBC in 2014.

Unlike HSBC, Citi is not currently renown for aggressive hiring in Asian private banking, but it is still “selectively” taking on bankers, says a private banking headhunter. Earlier this year, for example, Citi Private Bank hired former UBS MD Christian Schuwey to lead its South Asia FX advisory team in Singapore.

Citi Private Bank’s Asia Pacific operation is led by Hong Kong-based Steven Lo and services ultra-high net worth clients across 13 countries from offices in Hong Kong, Singapore, Bangalore, Mumbai, and New Delhi.

Photo by Jim Wilson on Unsplash

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