Citi appoints new Asia-Pacific commodities head

Stuart Smith joins Citi from Commonwealth Bank of Australia

Citi's offices in London

Stuart Smith is set to join Citi as its new head of commodities for the Asia-Pacific region, according to a source.

Until several months ago, Smith was the global head of commodities structuring at Commonwealth Bank of Australia (CBA), and before that he spent nearly five years as a managing director in the Singapore office of Deutsche Bank.

Smith will join Citi in mid-June as a Singapore-based managing director, the source says. He replaces Jason Tudor, whose departure from the US bank was