Deirdre Wroth has been appointed head of banking and wealth management products for Citi's consumer bank in Australia, which includes Citibank and Citigold. She will have responsibility for mortgages, deposits and insurance, as well as the consumer bank's treasury, investments and wealth advisory functions. Wroth joined Citi in 2012 as head of investments, treasury and wealth advisory. Before joining Citi she worked at NAB and Macquarie. Heritage Bank has launched an issue of residential mortgage-backed securities seeking A$400 million of funding. HBS Trust 2014-1 is backed by a pool of loans with an average loan-to-valuation ratio of 60 per cent and an average size of $188,000 Mortgage lender Resimac has issued a new note under a securitisation it launched last year. The A-1A tranche of Resimac Premier Series 2013-1 was a hard bullet note (which means it had a fixed maturity date) maturing on March 7. Resimac has replaced it with A-2B, a US$260 million floating-rate note with a weighted average life of one year and pricing of 30 basis points over US Libor. Resimac did not disclose what the pricing would be swapped back into Australian dollars.