Citigroup Inc’s Head of Prime Brokerage Sales and Capital Introduction, Martin Visairas, is leaving his role in the APAC region and moving to London in a bid to fortify the group’s prime brokerage division for Europe.
In particular, Citigroup had a shuffle of executives in its global Forex division scarcely a month ago, following an abrupt departure of Global FX Chief, Jeff Feig, to Fortress Investment Group LLC and the subsequent appointment of James Bindler to replace him.
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Mr. Visairas is hardly the first such Executive at a major institutional bank to leave Asia to focus on the more established US and European markets. Earlier in 2014, Deutsche Bank relocated its Head of Prime Finance Distribution for APAC, Harvey Twomey, to London as well.
Mr. Visairas began his tenure at Citigroup back in 2010 in Hong Kong, where he served as the Managing Director – Prime Finance. In addition, he also served in various roles at Citi from 2000-2002, as well as a variety of senior management roles at Merrill Lynch. Immediately proceeding his appointment to Citigroup, Mr. Visairas served as Head of International Sales at Old Mutual Asset Managers up until late 2010.
In his new role, Mr. Visairas will step into a senior role in Citigroup’s European Capital Introduction team where he will work in prime brokerage. Replacing him in Asia will be Carl Davey, who will not succeed Mr. Visairas as the newest Head of Alternative Sales.