Citi Adds Prime Brokerage Duo in Hong Kong

1 min readUpdated May 28, 2025Nov 11, 20217:10 AM

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Citi has hired two new directors from BNP Paribas and Goldman Sachs for its prime brokerage unit in Hong Kong.

Drew Kuech and Oliver Law join Citi as directors of the prime services sales trading team, according to a statement, reporting to APAC head of prime services sales trading Daniel Millwood.

Kuech has 13 years of prime finance and delta one experience, most recently with BNP Paribas. Previously, he also worked for Societe Generale and Santa Fe-headquartered hedge fund Thornburg Investment Management.

Law has 14 years of APAC prime finance and delta one experience and he joins from Goldman Sachs. Previously, he also worked for RBS and Credit Suisse.

We are pleased to welcome two strong additions to our Prime Services trading team as we continue to focus on building out our hedge fund trading and client servicing areas, Millwood said in the statement.

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What this means

Citi's move to recruit experienced prime finance directors from BNP Paribas and Goldman Sachs is a robust play to capture greater market share in Hong Kong's competitive prime services sector. These hires directly challenge existing players by bolstering Citi's sales trading expertise, rather than merely opening new retail points like Dairy Queen's multiple planned Hong Kong stores. This strategy, focusing on specialist talent acquisition over general expansion, indicates a targeted push into high-value hedge fund services. The risk lies in integration and whether these additions can quickly translate their expertise into significant client wins against entrenched competitors. We await news of specific new client mandates or a growth in the unit's reported assets under service.

Aiko Tanaka · Retail News Asia newsroom

Questions & Answers

What roles will Drew Kuech and Oliver Law take on at Citi?

Drew Kuech and Oliver Law will join Citi as directors of the prime services sales trading team in Hong Kong. They will report to Daniel Millwood, who is the APAC head of prime services sales trading.

What is Drew Kuech's professional background before joining Citi?

Drew Kuech has 13 years of experience in prime finance and delta one. He most recently worked for BNP Paribas, and previously held positions at Societe Generale and Thornburg Investment Management.

What experience does Oliver Law bring to Citi's prime brokerage unit?

Oliver Law has 14 years of experience in APAC prime finance and delta one. He joins Citi from Goldman Sachs, having also worked previously for RBS and Credit Suisse during his career.

What is Citi's strategic goal with these new hires?

Citi aims to strengthen its prime services trading team by focusing on building out its hedge fund trading and client servicing areas. These hires are intended to support that continued growth.

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