Citi beefs up local currency bond operations

US bank creates a new role in recognition of the growing importance of Asia's local currency bond markets.
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Citi has created a new role running Asia-Pacific local currency bond syndicate in recognition of the growing importance of the region's domestic bond markets to its franchise. 

James Arnold, currently the bank's head of Australian dollar syndicate, will take on additional responsibilities for other regional currencies, according to an internal memo seen by FinanceAsia.

He will report to Duncan Phillips, head of Asia-Pacific debt syndicate based in Hong Kong, and John McLean, head of capital markets origination for Australia and New Zealand.

Philips told FinanceAsia the move made sense for a number of reasons. Asian...

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