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Citigroup has appointed Ryan Ellis as its new head of markets sales for Australia and New Zealand, strengthening its leadership team across financial institutions and corporate clients in the region. The appointment was outlined in an internal memo seen by Reuters on Thursday and takes effect immediately.
In his expanded role, Ellis will oversee market sales activities across Australia and New Zealand, covering both financial institutions and corporate customers. Alongside his new responsibilities, he will continue to lead rates sales for the two markets, a role he has held since 2023. Ellis joined Citi in 2020 and has played a key role in driving the bank’s rates sales strategy and client engagement across the region.
Ellis brings more than 20 years of experience in global markets, with a strong background in sales, trading, and client coverage. Before joining Citi, he held senior roles at Bank of America and Deutsche Bank, where he gained extensive experience across fixed income and markets-related businesses. His deep understanding of regional and global market dynamics is expected to support Citi’s growth ambitions in Australia and New Zealand.
Based in Sydney, Ellis will report to Cecile Gambardella, Citi’s chief of markets sales for Japan, Asia North & Australia, and Asia South, as well as Cristina Chang, the head of markets for Australia. In addition, he will maintain a reporting line to Davy Tsang, the head of rates investor sales for Asia North & Australia and Asia South. This multi-line reporting structure reflects Citi’s integrated approach to markets sales and its focus on strengthening collaboration across regions and product lines.
The appointment comes as Citi continues to sharpen its focus on core markets and client-driven businesses in Asia-Pacific. By expanding Ellis’s remit, the bank aims to enhance its markets sales capabilities, deepen relationships with institutional and corporate clients, and maintain a competitive position in the Australia and New Zealand financial markets.
