Merrill lures Hills from Citibank

Citibank loses Quentin Hills to Merrill Lynch as the US investment bank seeks to re-build capacity in domestic debt.

The party hats are out at Merrill Lynch. Quentin Hills, Citibank's regional head of structured products and investor marketing, has resigned to join the US investment bank. The move signals Merrill's determination to rebuild a presence in Asia's domestic debt capital markets.

The urbane Kiwi, who first came to Asia six-and-a-half years ago, established Citibank's derivatives operations in the region and has been credited for helping to build the bank's formidable reputation in domestic currency markets. His new appointment will not only fire a shot across the bows of his old employer but also of Deutsche Bank and HSBC Markets, which have both been competing strongly for dominance in...

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