Citi appoints a senior corporate banker for China, amid growing expansion in the mainland market.
Luke Lu has been named head of corporates coverage for China, reporting to Citibank China CEO Christine Lam and APAC head of corporate banking Kaleem Rizvi.
A spokesperson for the bank confirmed the new appointment.
Lu has 20 years of banking experience and was most recently head of Citi Commercial Bank in China after rejoining the American lender in 2019. Previously, he was with MUFG Bank China where he was the head of its global corporate bank for two years.
Lu’s appointment occurs in the midst of increasing growth at Citi’s corporate banking unit in China.
According to the note, Citi is serving an increasing number of companies in the mainland market and last year alone, it raised over $30 billion for Chinese clients in global capital markets across debt and equity.