Citi hires former Fidelity Asia chief Chris Ryan

Citi has hired former Fidelity Asia-Pacific chief Chris Ryan as Hong Kong-based managing director and senior adviser to its investor services division, which is part of the bank's global transaction services (GTS) business. The move may surprise many in the industry and is an indication of how important this part of the group's business has become for Citi. It is hoped Ryan will help develop new products and services targeted at asset managers in the newly created role. He will report…