Citi axes second Asia-Pac clearing head in 18 months
Instability at the top, despite a market-leading franchise
Citi has ousted Peter Jaeger as head of its Asia-Pacific futures, collateral and clearing business. The bank's move comes just 18 months after it appointed Jaeger to replace Conor Cunningham, who headed the unit since 2011.
The US bank said that as an interim measure, Ian Nissen will act as regional product head, but it declined to comment further.
Nissen has been Citi's head of futures and over-the-counter clearing for Asia-Pacific since 2015, when he relocated to Singapore from Sydney to lead
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