Brian McCullough will be joining Citi’s financial institutions group (FIG), according to an internal memo that FinanceAsia saw Friday. He will be based in Hong Kong.
In this new role, McCullough will lead the bank’s capital advisory services for financial institutions across the region, working in partnership with colleagues across Citi in capital markets origination, the financial strategy group and ratings advisory. He will report to Simon Yoo and Jing Zhao, co-heads of FIG in Asia-Pacific.
McCullough joins Citi from PacBridge Capital Partners in Hong Kong, where he was a partner and head of corporate advisory and financing since January 2009. Before that, he was a managing director at Morgan Stanley in Hong Kong from 1997 to 2009, and in his last role, headed the bank’s credit advisory business and leveraged and acquisition finance for Asia-Pacific. He started his career at S&P, eventually becoming co-head of the rating agency's Hong Kong office from 1995 to 1997.
“Brian has a track record of success with key clients across the region and his experience and knowledge will be invaluable for our FIG clients in light of the dramatic regulatory changes brought about by Basel III,” said Yoo in a press release.
“This addition underlines our commitment to ensure we are offering clients the most comprehensive set of skills, products and expertise to help them meet the complex challenges brought about by the unprecedented regulatory reforms happening within the financial services industry today,” added Yoo.
Citi has worked on more than $60 billion of financial institutions issuance since January 1, 2010, according to Dealogic data. That includes the $20.5 billion IPO for AIA and the $11.1 billion follow-on offering for SMFG. Citi has also advised on close to $20 billion of FIG M&A in the region during that period, including advising Ruentex on its announced plans to buy AIG’s Nan Shan business in Taiwan and advising Prudential on its completed acquisition of UOB’s life assurance business in Singapore.