Citi’s DCM Head Duncan Phillips Parts Ways with Group

Citi has become the latest lender to incur the loss of talent in its debt capital markets (DCM) unit, with longtime group veteran Duncan Phillips leaving the group after a period of nearly fifteen years, Finance Magnates has learned

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Mr. Phillips’ most recent role at Citi was as its managing director of the group’s debt syndicate. During this time, he worked as the Head Asia-Pacific (APAC) Asia-Pacific (APAC) The Asia-Pacific (APAC) region is one of the fastest growing in terms of population. This region in particular is of great importance to the financial services industry, as it is seen as the largest growth market for clients.APAC is comprised of diverse currency markets that are shaped by various and, at times, competing forces, from global regulation to local capital controls.The region has been seen as one of the hardest to enter by FX brokers for this reason, as well as grappling cultural or The Asia-Pacific (APAC) region is one of the fastest growing in terms of population. This region in particular is of great importance to the financial services industry, as it is seen as the largest growth market for clients.APAC is comprised of diverse currency markets that are shaped by various and, at times, competing forces, from global regulation to local capital controls.The region has been seen as one of the hardest to enter by FX brokers for this reason, as well as grappling cultural or Read this Term) unit, a role which he took on back in 2010 for which he was based out of Citi’s Hong Kong branch. In addition, he held senior roles at the lender in a number of varying financial hubs.

Since joining Citi in 2001, Mr. Phillips worked in its London-based DCM unit between 2002 and 2005, followed by a five-year position as Citi’s Head of Yen Debt Syndicate for five years leading up to 2010, according to information made public on his Linkedin profile.

Career Shift

He will be leaving the banking realm to take up a job with an unnamed Fintech Fintech Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Read this Term group - Citi will be announcing a successor from its Debt team to replace Mr. Duncan. His departure marks the latest example of banks losing top-tier talent to the fintech industry. The banking industry has seen a large exodus of personnel over the past year, ranging from back office and technology jobs to senior level management.