Citi's global transaction services has hired Sam Ahmed as head of collateral management sales for Asia Pacific.
Ahmed will be joining Karim Chabane, hired earlier this year as product head of collateral services, and report to Pierre Mengal, regional head of collateral services for Citi in Asia Pacific.
“The growth in OTC derivatives globally has resulted in institutional investors and broker dealers looking to effectively mitigate credit risk...I am extremely excited by the opportunity that these appointments present in helping Citi grow its collateral management business,” said David Russell, regional head for Asia Pacific at Citi Securities and Fund Services.
Ahmed joins Citi from Merrill Lynch in Singapore where he managed regional collateral management and derivatives client services teams for the private banking division.
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