Citigroup Inc. picked a company veteran to head its new China securities firm and poached a senior banker from JPMorgan Chase & Co. to build out its business in the world’s second-biggest economy, people familiar with the matter said.
The New York-based bank named Kenneth Koo, its chief representative at the disbanded Citi Orient Securities venture, as chief executive officer, the people said, asking not to be identified discussing a personnel matter. Rochelle Wei joined as CEO for Citi’s futures unit from JPMorgan. The firm also hired John Lu, the former head of brokerage at HSBC Qianhai Securities ...
