The bank is targeting Chinese hedge fund start-ups and sees strong potential to leverage relationships with its private bank and investment banking clients.
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It's early days for the region's first American depositary receipts – launched last month by Singapore Exchange – but the strong demand for China A-shares should help to attract investors.
David Russell has left Nomura Securities, where he had been executive director of debt capital markets, to join Citigroup as regional sales director for depositary receipt services in Hong Kong.
