New Citi MD to focus on the super sector

Citi Australia has announced the appointment of Nicki Ashton as a managing director and senior relationship manager, who will join the bank’s markets business to help meet increased client activity with a focus on the superannuation sector.

Ms Ashton has more than 25 years of experience in financial services, including in banking and asset management, and formerly worked in Citi’s equities and trading business.

After previously departing Citi, she moved into asset management and held several management positions at firms including IFM Investors and Pendal Group.

In her new role, Citi said that Ms Ashton would be responsible for the growth of some of its largest clients, especially those within the super sector.

Citi Australia and New Zealand head of investor sales Mark Woodruff welcomed Ms Ashton back to Citi and said that her industry experience would be integral to cementing its leadership position in the super and asset management sector.

“The super sector has been a key area of focus across the markets platform and continues to provide increasing opportunities in both local and offshore markets as the funds internalise their investment function and seek to increase exposure to international markets,” he said.

“Nicki will work closely with product partners and the global relationship management team to ensure Citi remains a top tier global counterparty for this sector.”

Following the announcement of her appointment, Ms Ashton said she was thrilled to return to Citi.

“Throughout my career, I have forged long-standing relationships and networks across the finance and super industries, and I look forward to leveraging this as we grow our footprint in the super sector,” she said.

“As the sector’s funds under management increases, it will be vital to work with global leaders, like Citi, who can leverage its global footprint and expertise in markets and capital management to diversify holdings, secure strong returns, and manage risk.”

Ms Ashton also acts as a non-executive director at a number of Australian charities.

Jon Bragg

Jon Bragg is a journalist for Momentum Media's Investor Daily, nestegg and ifa. He enjoys writing about a wide variety of financial topics and issues and exploring the many implications they have on all aspects of life.