CITI Bank has appointed Stuart Staley as head of Asia markets and securities services. Staley will succeed Patrick Dewilde, who will retire in March 2018 after 34 years of service.

Staley has been with Citi for more than 13 years and has extensive global experience in managing complex businesses. He has spent the last eight years as global head of commodities based in London, responsible for Citi’s activities in physical and financial commodity products serving the firm’s global client base.

With the support and partnership of the Asia operating committee and the markets and securities services management team, Staley will continue to build on Citi’s efforts in the region.

Staley will work closely with Dewilde over the next few months to ensure a seamless transition before he assumes his new responsibilities on March 1 2018. During this time, Citi will run a process to select Staley’s successor as global head of commodities.