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(Updates with background)
HONG KONG, Sept 13 (Reuters) - Citigroup Inc has hired Harry Naysmith as vice chairman of its Southeast Asian banking and capital markets advisory business, two people with direct knowledge of the matter told Reuters.
Naysmith, who was head of the Southeast Asian investment banking business at Goldman Sachs Group Inc, will remain based in Singapore.
The people declined to be named as the information has not yet been made public.
Both Citigroup and Goldman Sachs declined to comment.
Citigroup has advised on $23.9 billion worth of Mergers and Acquisition (M&A) activity in Southeast Asia so far in 2021, up from $6.8 billion in the same time period in 2020, according to Refinitiv data.
Citigroup now sits at fifth place on the region's M&A activity league table up from 11th last year, the data showed.
The bank advised e-commerce giant Tokopedia on its $18 billion merger with Gojek in May and worked with Norway's Telenor ASA when its Malaysian business Digi.Com Bhd signed a merger agreement with Celcom Axiata Bhd mobile operations in June.
Naysmith was previously Goldman Sachs' co-head of Southeast Asian investment banking along with Udhay Furtado, who moved to Citigroup in 2018. (Reporting by Scott Murdoch in Hong Kong; Editing by Christopher Cushing and Ana Nicolaci da Costa)