Citigroup to hire ex-Goldman MD as Japan investment banking head

[TOKYO] Citigroup Inc will hire Yusuke Asai, a former managing director at Goldman Sachs Group Inc, as its head of investment banking in Japan.

Mr Asai, who worked as an investment banker for Goldman Sachs from 2000 to 2013, will also become deputy president at Citigroup Global Markets Japan Inc in April, according to an internal memo obtained by Bloomberg. Mika Nemoto, a Tokyo-based spokeswoman, confirmed the contents of the document.

Mr Asai is the US bank's most senior hire in Japan since it sold its local retail banking and card businesses late last year. At Goldman Sachs, he was a senior banker in the financial institutions group, working on mergers advice and equity and debt financing. He has been chief executive officer at Reinsurance Group of America Inc.'s Japan unit since 2013.

BLOOMBERG