Ng Yong Yin to head Citi's Malaysia research

Citi has chosen Ng Yong Yin to head its country research for Malaysia, based in Kuala Lumpur. He replaces Choong Wai Kee, who moved to Nomura at the end of June.

In his new role, Ng will report to Brent Robinson, head of Citi's investment research and analysis team in Asia-Pacific, who is another recent appointee, having replaced Adrian Faure earlier this year.

Ng, a Malaysian national, is viewed as "a rising star" within Citi, according to a spokesperson. He has been with the US bank for only a year, having joined from AmResearch, a division of AmInvestment Bank, where he spent more than eight years as a senior analyst, covering sectors spanning utilities, automotives, consumer stocks, technology and oil and gas.

His wide brief narrowed slightly at Citi, where he was the senior analyst covering Malaysian utilities, construction, infrastructure and transportation. Ng will continue to have responsibility for these sectors, in addition to heading up country strategy research and leading a team of four analysts and associates who between them research the key market sectors in Malaysia.

Ng, who is in his early 30s, is a chartered financial analyst and holds a bachelor of business degree in accounting and finance from Edith Cowan University in Perth, Australia.

"We are pleased to have promoted from within our talent pool and are delighted that Yong Yin has agreed to lead our research franchise and continue to build on the strong momentum with clients that has helped make Citi one of the top ranking research firms in Asia-Pacific," said Robinson in a press statement yesterday.

This year Citi is celebrating the 50th anniversary of its Malaysian franchise.