Citi poaches Morgan Stanley financial institutions head McLane: memo

Fri Jul 20, 2012 7:33am EDT
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(Reuters) - Citigroup (C.N: Quote) has named Will McLane as head of corporate and investment banking for the ASEAN region and head of the financial institutions group in the Asia-Pacific region, according to an internal memo obtained by Reuters.

McLane joins Citi from rival Morgan Stanley (MS.N: Quote), where he worked for 15 years, most recently as head of the financial institutions group for the Asia-Pacific region.

During that time, McLane worked on some of the region's most high-profile deals in the financial sector.

He was involved in the $22 billion IPO of Agricultural Bank of China (601288.SS: Quote) in 2010, in Singapore DBS's DBSM.I $2.8 billion rights issue, and in the $5.2 billion merger between OUB and UOB.

McLane, who will relocate to Singapore from Hong Kong when he joins Citigroup, also worked on Thanachart Capital's $2.0 billion acquisition of Siam City Bank.

(Reporting by Lawrence White; Editing by Ryan Woo)

Construction workers install Citibank's neon sign on its Singapore main office at the central business district November 29, 2011. REUTERS/Harry Suhartono