On Wednesday investors in the region fled equities following confirmation of the rate hike, dragging down Europe's main stock-market indexes, which were on average 1.9% lower in afternoon trading.

FORBES: ECB Indicates A Pause

Citigroup now covers over 18 foreign exchange, equities, credit and interest rates markets in the Asia Pacific region.

FORBES: Citi Worth $56 As It Redoubles Asian Sales And Trading Push

Plus, the region's wealthy individuals, who have traditionally favored equities, will continue to allocate more of their portfolios to bonds, he said.

WSJ: Asia's Bond-Market Growth Likely to Pause in 2013

That region is a much better investment bet for both local currency bonds and equities.

FORBES: Back In Business