Hannah Goodwin is stepping down from Citi after a long career of building up and taking leading roles in prime brokerages in Asia.

She will retire from the bank in October and is not seeking a job elsewhere, according to sources. It draws the curtain on a long and eventful career that saw Goodwin take on senior prime brokerage roles at Citi and Deutsche Bank in Asia, which arguably might never be matched again by a woman.   

A Citi spokesman confirmed that Goodwin was departing but declined to provide further information.

Goodwin was tapped by Citi in 2005 to lead and build up its prime brokerage business in Asia, which at the time was limited to Japan. She joined from Deutsche Bank, where she had spent five years helping to build the bank’s prime brokerage presence in Asia, and prior to that worked at Morgan Stanley’s regional operations for six years.

Under her lead, Citi launched prime brokerage services in Singapore and integrated its Japan prime broking business into its Asian operations.

Citi now ranks sixth among prime brokerages by assets under management in Asia, according to a HedgeFund Intelligence survey released in May.

In the interim, Citi has had to contend with industry turbulence brought on by the financial crisis. The aftermath saw a series of executive shifts, which although not unusual among other prime brokerages in Asia, nevertheless involved reassignments in its capital introduction and sales teams, among other senior staff movements.

While the immediate post-crisis era was difficult for all prime brokerages, the loss of a number of top salespeople from Citi’s team did not go unnoticed by people in the industry, although the bank held steady as second-tier prime broker with a firm top 10 placeholding in Asia.

Goodwin headed Citi’s regional prime brokerage until 2011, when another prime broking veteran, David Murphy, was brought in from Deutsche Bank to lead the unit.  

Thereafter Goodwin assumed the role of prime brokerage head – overseeing sales, consultancy and capital introductions – reporting to Murphy, who served as head of prime finance for the region.

When Murphy transferred to New York earlier this year to head up Citi’s prime finance business for the Americas, Joseph Chang took his place.

It is understood that Goodwin’s role will not be filled after her departure, with existing prime brokerage staff at Citi assuming her duties.