Citigroup is opening a prime brokerage office in Singapore this month, adding to its Asian offices in Hong Kong, Sydney and Tokyo.
The Singapore team, handling sales and client servicing, will be managed by Alexis Fosler, who previously worked in the offshore banking industry in the British Virgin Islands. She also worked in Hong Kong in equity sales and research for SBC, UBS and Credit Suisse.
The new operation will complement Citi’s recently established hedge fund administration business, which is managed in Singapore by Eric Tan.
Citigroup established its Asian prime brokerage unit in April 2005. It is headed by Hannah Goodwin and has a team of 34 staff.