Citi has appointed seven executives to strengthen its FX team across sales and trading in Japan, Asia North & Australia ( JANA ) and Asia South.

Corporate FX sales team

Manoj Goel joins the bank as head of corporate FX sales for the Indian subcontinent. 

He reports to Vandana Bhatter, head of corporate FX sales for JANA and Asia South, and Aditya Bagree, head of markets for India.

With 23 years of experience in Indian markets, Goel was most recently head of global markets corporate sales at HSBC.

Cassalynne Lou has been appointed to Citi’s corporate FX sales team in Singapore, reporting to Galvin Phua, head of markets solutions for Citi Commercial Bank ( CCB ) clients and acting head of Singapore corporate FX sales.

Lou will focus on growing the CCB North Asia-Singapore corridor FX business and intensifying the bank’s FX solutions advisory agenda.

Institutional FX sales team

Yusuke Aita joins the institutional FX sales team as a director in Tokyo. He reports to Anand Goyal, head of institutional FX sales for JANA and Asia South.

Renee Gao also joins the bank's institutional FX sales team as a director in Hong Kong. She reports to Chen Ni, head of FX institutional sales, Asia North and Australia.

Matthew Lim, meanwhile, has been appointed to the bank’s institutional FX sales team in Singapore as a vice president, reporting to Timothy Young, head of FX real money and bank sales, Asia South.

FX trading team

Nicky Lam has been appointed to Citi’s G10 FX options trading team as a director. Based in Singapore, he reports to Akshay Saxena, Head of FX options.

Jonathan Chua joins Citi’s FX trading desk as a trader of Singapore dollar and short-term interest rate ( STIR ) contracts, based in Singapore. He reports to Dany Checrallah, a director and senior EM FX trader.

‘Leadership position’

“These appointments underscore our steadfast commitment to strengthening and maintaining our leadership position in these markets,” says Nathan Swami, head of FX trading in JANA and Asia South. “They also reaffirm our deep dedication to our valued corporate and institutional clients, as well as our continued investment in the growth of our business.”

In the third quarter of 2025, Citi Markets reported a 15% increase in revenues to US$5.6 billion, driven by growth in fixed income and equity markets revenues.

Fixed income markets revenues rose 12% to US$4 billion, driven by growth in rates and currencies as well as spread products and other fixed income.

Rates and currencies revenues increased 15%, largely driven by higher revenues in rates due to elevated client activity.

Spread products and other fixed income revenues were up 8%, largely driven by higher mortgage trading, higher financing activity, and lower commodities activity.