UBS, Citi hire into APAC in desk reshuffles

Citi appoints a new head of markets for ASEAN; while UBS reshuffles its APAC team with a new head of global markets for Australia and a new head of derivatives and solutions for Australia.  

Vandana Bhatter

Citi has promoted Vandana Bhatter as its new head of markets for ASEAN, effective immediately. She will report to Julia Raiskin, APAC head of markets and Amol Gupte, head of South Asia and ASEAN. 

Bhatter will be responsible for leading and driving a fully integrated business strategy, monetising Citi’s local market network and strengthening connectivity both within Asian markets, and with the bank’s other institutional client group businesses. She will also retain her current responsibilities as ASEAN corporate sales and solutions (CSS) head for markets, reporting to Gunjan Kalra, head of corporate and public sector sales and solutions, markets, Asia Pacific. 

She first joined Citi in India as a markets management associate in 2001. After stints with the Singapore FX Options structuring team and Citi Korea Markets team, she returned to India to run the CSS India solutions business focusing on Citi Commercial Bank (CCB) clients. In 2009 she moved to Singapore to manage the Investor FX business and currently runs ASEAN CSS. 

Read more – Citi names new head of EMEA leveraged trading

UBS has also made a new APAC appointment this week, in the form of Michael Hendrie, who has been made head of global markets for Australia and New Zealand, according to a Bloomberg report. Hendrie will align the bank’s regional equities and fixed income businesses into a single global markets group, in line with the bank’s wider organisational structure.  

Currently the head of global markets foreign-exchange, rates and credit for Australia and New Zealand as well as co-head of fixed income for the region, Hendrie joined UBS in 1994.  

Matthew Campbell, currently the head of UBS’ global AUD/NZD rates trading team, has also been promoted to become head of derivatives and solutions for Australia and New Zealand, according to an internal memo seen by Bloomberg, and will carry out his new duties in addition to his current role. Campbell joined UBS in 2009 from Macquarie Group.