Faure to head Asian equities at Citi

Citi said yesterday it has appointed Adrian Faure as its new head of equities for Asia excluding Australia and Japan, with immediate effect. Faure's current job as head of investment research for Asia-Pacific will be taken over by his deputy Brent Robinson.

In his new job, Faure will be responsible for the strategic direction and management of Citi's equities business across 16 markets in Asia.

Faure will report to David Ratliff and Rodrigo Zorrilla, who co-head Asia-Pacific global markets, and to Derek Bandeen, who is the global head of equities. He will continue to be based in Hong Kong and will work with Richard Heyes, head of equities in Japan, and Luke Randell, co-head of markets in Australia.

Faure joined Citi in May 2005 after 18 years in various analyst and research management roles at Baring Securities, Merrill Lynch and Macquarie Securities, primarily in Asia. While at Merrill Lynch Faure spent two years in New York as head of Latin America and global emerging markets research. He began his career in equity sales with James Capel in 1987.

Faure is replacing Justin Kennedy who has recently left the firm for personal reasons. Kennedy was with Citi for more than 10 years and was appointed head of equities mid-last year. Before that he was heading the derivatives desk in Asia.

Robinson, who becomes the new head of investment research in the region, joined Citi in September 2005 from Macquarie Securities where he had been deputy head of Asia-Pacific research and head of pan-Asian industry equity research since 2002. Before that, Robinson spent 16 years at Merrill Lynch, including 10 years in New York where he worked in a variety of roles within sales-trading and trading of US and Latin American equity products.