Key facts
- Citigroup has hired three senior traders for its foreign exchange options desk in Singapore.
- Eric Poon, Richeng Zheng, and Ying Zhou are the new hires.
- The appointments are intended to enhance the bank's market-making and risk management capabilities in Asia.
- Poon brings 20 years of experience in G10 and Asian emerging market products.
- Zheng previously served as the sole G10 options book runner in the Asia time zone at Bank of America.
- Zhou specializes in exotic derivatives and FX options, joining from Deutsche Bank.
Citigroup has bolstered its foreign exchange options desk in Singapore with the appointment of three senior traders, signaling a strategic move to enhance its market-making and risk management capabilities across the Asian region. The hires are part of a broader effort by the bank to strengthen its global FX options franchise.
Eric Poon joins as director on the FX emerging markets options trading team in Asia, reporting to Akshay Saxena, head of FX options for Asia Pacific. Poon brings two decades of trading experience in both G10 and Asian emerging market products, having previously worked at BNP Paribas, OCBC Bank, and RBS.
Richeng Zheng has been appointed as a G10 options trader, reporting to director Nicky Lam. Zheng previously served as the sole G10 options book runner in the Asia time zone at Bank of America.
Ying Zhou is set to join the desk in August as an EM options trader, also reporting to Saxena. Zhou comes from Deutsche Bank in Singapore, where she specialized in exotic derivatives and FX options.
These appointments follow a strong performance in Citigroup's markets division. In the second quarter of 2026, the bank reported a 17% increase in overall markets revenues to $7.0 billion. Fixed Income markets revenue saw a 7% rise to $4.7 billion, driven by higher foreign exchange volumes.