Citi appoints David Bailey as head of DCM, Australia and New Zealand

Citi has appointed David Bailey as head of debt capital markets (DCM) Australia and New Zealand. 

Bailey (pictured) shall be primarily based in Sydney and report back to Alex Cartel, head of capital markets and advisory in Australia and regionally to Adrian Khoo, head of Asia North & Australia, Asia South Bonds and Ben Ng, head of Asia North & Australia, Asia South Loans and Syndicate.

Bailey is at the moment head of Citi’s cross border capital markets in New York the place he’s answerable for the origination and execution of US$ securities for international debtors and “a choose quantity” of US home purchasers, a press release from the financial institution stated. This enterprise has held a prime three pockets place in bond underwriting for greater than a decade underneath his stewardship.

Bailey has beforehand labored at Citi in Australia in numerous roles. 

Cartel stated in a press release, “The Citi Australia and New Zealand Debt Capital Markets staff has achieved unprecedented success in 2024. I am delighted to be welcoming David again to Australia to construct on this momentum.” 

The Citi DCM enterprise has been within the prime three Australia and New Zealand DCM league tables for over 10 years for all worldwide bonds. Some latest offers Citi have performed in Australia and New Zealand embody the pricing of a $1.25 billion bond for the Commonwealth Financial institution of Australia, and a 10-year €600 million ($641 million) senior inexperienced bond on behalf of Auckland Council. 

Bailey’s appointment is topic to regulatory approval. 

ICiti has additionally appointed Matthew Hung as head of company banking for Hong Kong, efficient August 19. Hung is changing Pleasure Cheng who was appointed as head of Citi Industrial Financial institution for Hong Kong in February.

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