citi-rescue-too-late-for-singapore-prime-broking-star

Citi rescue too late for Singapore prime broking star

Citi revamps its Singapore prime broking team as the downturn in hedge fund capital raising retards asset growth in the sector.
November 24, 2008
The jury is out on the US government's convoluted is it or isn't it bailout of Citi, which one ambivalent hedge fund manager described Monday evening as appearing like ôhalf a loafö.

However, the US cavalry arrived too late to save the most visible member of its Citi's prime broking team in Singapore.

That team was headlined by Alexis Fosler who last month won AsianInvestor's Best Prime Broking Salesperson award in our hedge fund service provider awards.

Fosler had been recognised for a stellar year of bringing in business. Ex-workmates say she was awarded a $600,000 bonus for 2007, but Citi says this speculation about the exact size of her bonus is incorrect....
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