People moves

Citi appoints Murphy as new head of Asian prime finance

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The competitive heat in Asia’s prime broking space continues to rise with Citi poaching Deutsche Bank prime broking executive David Murphy to head its prime finance operation across Asia.

Murphy, who assumes his post at Citi in December, was the former head of prime finance in Asia for Deutsche Bank, and is credited with leading the growth of the bank’s prime broking operation in the region over the last two years.

Prior to his stint in Asia, he ran Deutsche Bank's structured products group in New York; he has extensive derivative and product management experience working in all