Citigroup Hires Xie From HSBC for Asia Industrials Banking Team

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Citigroup Inc. said it hired Richy Xie from HSBC Holdings Plc as a director in its industrials investment banking team in the Asia-Pacific region.

Xie will be based in Hong Kong and will focus on developing Citigroup’s metals and mining advisory business in China, said James Griffiths, a spokesman for the bank. He will start this month and report to Michael Borch, Asia-Pacific head of industrials investment banking, and Jason Johnson, who runs natural resources banking for the region, Griffiths said.