Mark Woodruff named Citi Australia’s new head of markets

  • By Zilla Efrat

Mark Woodruff will become Citi Australia’s new head of markets for Australia and New Zealand, stepping into the shoes of Luke Randell who retires this month.

Woodruff is currently Citi’s head of investor sales for Australia and New Zealand and will retain these responsibilities. In his new role, he will also be responsible for developing and implementing regional product delivery strategies for the Australia and New Zealand business while maintaining a strong risk management discipline and culture.

Woodruff joined Citi more than two decades ago and has held several important senior leadership positions in Australia, including head of FX and corporate derivative sales, and most recently, as head of investor sales.

Citi Australia and New Zealand CEO Marc Luet notes that in this role, Woodruff consistently increased franchise revenue and market share, by driving key client segment initiatives, particularly across superannuation funds and financial intermediaries.

Luke Randell’s distinguished career with Citi spans more than three decades over which time he has worked across Australasia, Asia Pacific and EMEA regions in sales, structuring, research and capital markets.

Randell has led Citi’s markets and securities services business in Australia and New Zealand since 2017 where, according to Luet, he has created a winning culture, achieved outstanding results and evolved the business with new products and clients.

Citi’s markets and securities services division provides products and solutions for corporates, institutional investors and governments through underwriting, structuring and sales and trading across all asset classes, sectors and industries. It is one of the largest brokerages in Australia.

Woodruff’s appointment is subject to regulatory and compliance approvals.