Citi has appointed Matthew Nimtz and Jonathan Quek as co-heads of banking, capital markets and advisory (BCMA) for the Asean region, effective immediately. They will replace David Biller, who is relocating to Europe at the end of the year to take on a broader role as co-head of industrials for EMEA, Asia and Japan.

Nimtz and Quek are long-time Citi veterans who have worked together in Singapore for the past 10 years. Nimtz currently leads the Asean mergers & acquisitions franchise. Quek is currently co-head of real estate investment banking, Asia, as well as head of investment banking, Singapore. 

Commenting on the appointments, Jan Metzger, Citi’s BCMA head for Asia-Pacific, says: “We are running at record levels for capital raising and advisory for clients across Asean. This is a mix of balance-sheet strengthening and financing to support growth. There is massive transformation happening across all industries in Asean and with a global network this has helped sharpen our dialogue with clients as they increasingly want a global perspective.”

“Matt and Jon’s leadership will be instrumental in continuing the strong momentum in the increasingly important Asean market,” he adds.

The two will report to Metzger for BCMA and Amol Gupte for Asean.  They will also maintain their existing roles in M&A, reporting to Colin Banfield, and real estate, reporting to Tom Flexner, respectively.  Asean corporate banking country heads will report to Nimtz and Quek, in addition to their current reporting lines to Kaleem Rizvi for corporate banking and the respective CCOs.