Goldman Hires Citigroup’s Smith as Asia Electronic Trading Head

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Goldman Sachs Group Inc. said it hired Ian M. Smith from Citigroup Inc. as head of electronic trading for the Asia-Pacific region as the U.S. firm seeks to expand its system globally.

Smith, most recently head of execution trading for the region at Citigroup, will be a managing director, said Connie Ling, a Hong Kong-based spokeswoman for Goldman Sachs. The hiring follows the departure of Shuya Kekke, former co-head of electronic trading, from Goldman Sachs earlier this year.