Citi Australia and New Zealand has announced several key appointments across its research and markets businesses.

Paul Buys has been appointed head of research for Australia and New Zealand. He will join Citi from Canaccord Genuity, where he is currently head of research. Previously, he was deputy head of Asia-Pacific securities research for Credit Suisse.  

Buys, who has over 25 years’ experience in financial markets, will be appointed as managing director and sit on the bank’s Australian and New Zealand executive committee.

He succeeds Paul McTaggart, who will retire at the end of the year after a 30-year career in sellside research.

This appointment follows the recent announcement that Laura Sutcliffe will join Citi as head of healthcare research.

The bank has also announced appointments for its markets business:

• Christian Ford has been appointed as director, equities, high-touch execution. He has over two decades of high-touch sales trading experience, most recently as a foundation member of Jefferies Australia where he was a managing director and head of sales trading.
• Andrew Bruce has been appointed as director, head of low-touch execution. He brings over two decades of experience in financial services, most recently as executive director, global equities team, at J.P. Morgan.
• Nicolas Lebon has been named director, corporate solutions group. He joins Citi from Crédit Agricole CIB, where he worked as a director in global markets sales.
• Dan Smith has been appointed to an expanded role, moving to cover head of Australia, prime finance in the equities business. He has eight years’ experience in prime services sales at Citi, with an additional 20 years’ experience across prime brokerage and exchange-traded derivative sales in New York, Chicago, and London.

“These new appointments reflect Citi’s continued investment in our Australian franchise, as we strive to deliver the best outcomes for our clients in a dynamic market environment,” says Citi Australia chief executive officer Mark Woodruff.

Cristina Chang, head of markets for Australia and New Zealand, adds: “These markets appointments follow a record April result for our markets business, driven by volatile market conditions. I am confident the new additions to our team will add valuable expertise to our business.”

Citi’s Australia and New Zealand markets business has sales and trading presence across all asset classes and products, including equities, rates, foreign exchange, commodities, and spread products financing and securitization.