People: Citi appoints new Asia-Pacific commodities head

Stuart Smith to join Citi; Nomura loses Apac fixed-income exec; Alder named Iosco board chair; and others

Citi names new Apac commodities head

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