Citi ramps up commodities with two key hires

Citi hires Matthieu Lauras and Bao Vu from Bank of America Merrill Lynch, as the US bank continues to deepen its commodities footprint in Asia.

Citi ramps up commodities with two key hires
Photo: AFP

While other financial markets struggle, commodities maintain a strategic attraction to banks. A structural shift towards long-term higher demand from China and other industrialising economies makes a persuasive argument for adding staff when other divisions are contracting human resources departments need to show a great deal of contrarian and intellectual rigour to resist.

So, it was not surprising that Citi announced two further appointments to its Asia commodities operation yesterday, building on major hires...

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