Citi has bolstered its FX Options franchise by appointing three senior traders in Singapore, aiming to enhance its market-making and risk-warehousing capabilities for corporate and institutional clients. The appointments reflect Citi’s commitment to maintaining industry-leading execution in the Asia Pacific region.
Eric Poon joins Citi’s FX EM Options Asia trading team as a director. With 20 years of experience in FX Options, including vanilla, exotics, and correlation products, Poon previously worked at BNP Paribas, OCBC Bank, and Royal Bank of Scotland. He will report to Akshay Saxena, Head of FX Options for Asia Pacific.
Richeng Zheng, with around 14 years of quantitative and financial trading experience, joins as a G10 Options trader. Previously at Bank of America, Zheng was the sole G10 options book runner in the Asia time zone. He will report to Nicky Lam, a director in Citi’s G10 FX options trading team.
Ying Zhou will join Citi’s FX trading desk as an EM Options Trader in August. With nine years of experience in EM FX trading, Zhou brings expertise in Asia Emerging Markets exotic derivatives. She joins from Deutsche Bank in Singapore and will report to Akshay Saxena.
Patrick Green, Global Head of FX Options, stated, “Expanding our senior trading presence is core to our strategy to expand our FX Options franchise globally, whilst strengthening and maintaining our leadership position in FX.”
In Q2 2026, Citi reported a 17% increase in Markets revenues to $7b, driven by growth in Equity and Fixed Income markets. This strategic expansion in Singapore is expected to further enhance Citi’s capabilities and client delivery in the FX sector.
