Duncan Phillips has been appointed managing director of Citi’s Asia-Pacific debt syndicate desk as the financial institution’s business in the bond space continues to grow
Not only is Phillips — a 12-year veteran at Citi — responsible for the origination and execution of the region’s bond deals but he also oversees the bank’s medium-term note business in Asia
His new role will be effective from January 1, 2015 and he reports to Ben Ng, head of syndicate and acquisition finance, a spokesperson confirmed
The promotion is reflective of Asia’s burgeoning debt capital markets, with Citi’s share of it growing at a rapid pace
According to Dealogic data, Asia ex-Japan dollar-, euro- and yen-denominated bond volumes...