Citi has named Nathan Swami as Singapore head of markets, replacing Smith Smithangura who is retiring in June after more than 15 years with the firm. 
The move will see Swami stepping up to position effective immediately, and he will simultaneously continue his current role as head of FX trading for APAC, which he has held since September 2019.
He holds 17 years of experience with the firm and has also served in leadership positions including head of FX options trading, head of FX trading for APAC and chief executive of CIBSL.
Before his time at Citi, he worked as an FX options trader at Lehman Brothers in London.
In an internal memo seen by The TRADE, Sue Lee, head of markets, Asia South Cluster and Tibor Pandi, Citi country officer and banking head Singapore, said: “Given Singapore’s role as a key trading hub for Citi in the region, we are confident that Nathan will use his experience and leadership to partner across all our products and sales teams to deliver best in class solutions to our clients and continue to grow our business.”
Swami succeeds Smith, who during his 15-year tenure with the firm, has served in various roles including as the ASEAN head of investor sales and head of markets for Singapore.
Prior to his time at Citi, he also served as director of fixed income institutional sales and official institutions ASEAN at Barclays Bank, and as a vice president at Credit Suisse.
“We are incredibly grateful for Smith’s dedication, expertise, and positive influence, which have greatly enriched our organisation. We wish him all the best for his future endeavors,” said Lee and Pandi.
The departure and promotion follow recent appointments in the APAC region for Citi in recent months. In June 2025, the firm named Benny Aroeman as its new head of markets for Indonesia in a push to bolster the firm’s client solutions and markets business.
Additionally, Citi named Christopher Chang as its new head of markets solutions for financial institutions for Asia South and Asia North in April 2025, effective in July.