Citi research splurge continues

Firm names four new research members in Hong Kong.
The research hire binge has continued at Citigroup, with the firm announcing a significant boost to its Hong Kong/China team. In its Hong Kong offices, Citigroup has welcomed Eddie Lau, Pierre Lau, Peter Williamson and Tracy Yu in its latest major research push.

CitigroupÆs Hong Kong/China research team has appointed Eddie Lau to lead its regional small-mid cap research in a newly created role. Previously, there was no regional head in this capacity and upon arrival Lau will work with the various heads of country research to establish the new coverage area. Over time, the firm will also look to expand its small cap product throughout the region and expand analyst coverage.

Lau shifts to Citi from ABN AMRO after a 10 year stretch as an analyst. Prior to this role, Lau spent a two-year stint with Salomon Brothers covering China conglomerates.

Joining him in Hong Kong and from ABN is Pierre Lau who comes on board as head of regional utilities research. In the upgraded role, Lau will draw on his 12 years of related experience researching the Asian utilities and infrastructure sectors.

Williamson will cross to Citi in the newly-created role of head of regional consumer research. In the position, he will have specific coverage of Hong Kong-listed consumer stocks and will drive a comprehensive regional platform for the sector.

He comes to Citi from Macquarie Securities, where he covered an array of sectors over 10 years. Most recently, Williamson was head of Asian transport research.

Also coming to Citi Hong Kong is Tracy Yu, who moves from Lehman Brothers. For Citi, she has been appointed co-head for the Asian financial institutions portfolio, with coverage responsibility for Hong Kong and China. SheÆll work alongside John Caparusso and will fill the void left by Rajesh Sendaresan, who left the firm for a buyside roll in Singapore.

At Lehman, Yu was head of the Asian financial institution group. She held this role for three years.

All new hires will report to Adrian Faure, director of research for Citigroup investment research Asia-Pacific and follow a slew of head of country head appointments in Hong Kong, Thailand, Korea, Malaysia and Taiwan.

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