Citi hires former Pendal and IFM manager

A former IFM  Investors and Pendal Group manager has returned to Citi to focus on asset management and superannuation.

Nicki Ashton will join the bank's Markets function as a senior relationship manager.

Ashton worked previously in Citi's equities and trading business before moving to asset management, where she has held several management positions.

Most recently she was head of institutional at Pendal Group and, prior to that, was executive director, head of Australia, global relationship group at IFM Investors.

She's also previously held roles with Russell Investments and BNP Paribas.

Commenting on the appointment, Citi Australia's head of investor sales Mark Woodruff, said Ashton's significant industry experience would be integral to cementing the bank's leadership position in the superannuation and asset management sector.

"It's great to welcome Nicki back to Citi, where she will be responsible for the growth of some of our largest clients, particularly within the superannuation sector," he said.

"The super sector has been a key area of focus across the markets platform and continues to provide increased opportunities in both local and offshore markets as the funds internalise their investment function and seek to increase exposure to international markets.

"Nicki will work closely with product partners and the global relationship management team to ensure Citi remains a top tier global counterparty for this sector."

Commenting on her appointment, Ashton said throughout her career, she had forged long-standing relationships and networks across the finance and super industries and looked forward to leveraging this as Citi grows its footprint in the super sector.

"As the sector's funds under management increases, it will be vital to work with global leaders, like Citi, who can leverage its global footprint and expertise in markets and capital management to diversify holdings, secure strong returns, and manage risk," she added.

Ashton is a director of several Australian charities, including Vision Australia, Royal Far West, and Cerebral Palsy Sport and Recreation Association.