Citigroup’s Japanese brokerage unit has named Brian Mccappin as president and CEO, reported Reuters. Mr Mccappin will assume the new role at Citigroup Global Markets Japan on December 1. He will replace Sim Lim, who is set to retire.
In a statement, the New York-based lender said that Mr Mccappin will assume his new duties in addition to his current post as head of the brokerage unit’s fixed income and equity trading operations.
The bank added that Michimasa Naka, head of fixed income and equity sales, will assume the role of deputy president of the Japanese firm.
Citigroup Global Markets Japan was earlier known as Nikko Citigroup. It was renamed on October 1 when Citigroup sold Nikko Cordial, a retail broker, and its underwriting business, to Sumitomo Mitsui Financial Group, reported the news agency.
