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Retail Asia11/12/2023

Citi brought together about 100 leaders in the Vietnam technology landscape, including founders, management teams, and investors, to discuss how the new economy is shaping the future of Vietnam. The Vietnam Digital Leaders Summit 2023, hosted by Citi Commercial Bank (CCB) and Citi’s Investment Bank, featured keynote speeches and lively panel discussions covering various topics, […]

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Retail Asia20/09/2023

Citi aims to offer token services in the form of digital coins, to improve its cash management and trade finance operations. According to an emailed statement, Citi Treasury and Trade Solutions (TTS) has launched the creation and pilot of Citi Token Services. The US lender will offer tokenized deposits – effectively transferable digital coins that […]

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Retail Asia26/03/2023

Citibank has been honored as “Bank of the Year” in the Asia Pacific at the 2022 International Financing Review Asia Awards. The award was based on a unanimous decision by the editors of IFR Asia, a leading regional capital markets magazine. The recognition from IFR Asia reaffirms the expertise and solution-driven approach of Citi’s capital […]

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Retail Asia28/11/2022

Switzerland has always been a magnet for the super-wealthy. In the last two years, more families and their wealth have moved to the country. Citigroup’s General Market Manager for Switzerland said who has been coming over and why. Having worked in several locations in Citigroup’s private banking over the past twenty years, Laurence Mandrile has kept a close […]

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Retail Asia29/08/2022

After failing to find buyers, Citi has decided to close its consumer and commercial banking businesses in Russia. Citi will shut down its Russian consumer and commercial banking businesses starting this quarter, it said in a statement Thursday. The closure will result in about $170 million in charges over the next 18 months and affect 2,300 out of […]

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Retail Asia01/12/2021

Citi’s institutional business in Taiwan saw a significant acceleration in 2021 with numerous transactions across industries including technology, consumer, renewables, and financial services. Citi’s Taiwanese institutional clients have been ramping up their efforts to take advantage of the growth environment in areas such as supply chain diversification. Taiwan is home to many world-class companies and […]

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Retail Asia25/11/2021

The acquisition «would not substantially lessen competition,» the Australian Competition and Consumer Commission (ACCC) said on Thursday. The competition watchdog in Australia will not oppose the proposed acquisition of Citigroup Australia’s consumer business by National Australia Bank. Its review focused on competition in the supply of credit cards, as Citi is a substantial provider of credit […]

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Retail Asia24/11/2021

Talent hired to work on Citi’s crypto division will be based in Singapore, in addition to London, New York, and Tel Aviv. Citi has appointed Puneet Singhvi to the bank’s ICG Business Development team on 1 December as the ICG head of digital assets, reporting to Emily Turner, head of business development, with a matrix reporting line to Stuart Riley, global head […]

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Retail Asia11/11/2021

Citi has hired two new directors from BNP Paribas and Goldman Sachs for its prime brokerage unit in Hong Kong. Drew Kuech and Oliver Law join Citi as directors of the prime services sales trading team, according to a statement, reporting to APAC head of prime services sales trading Daniel Millwood. Kuech has 13 years of prime finance and […]

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Retail Asia01/11/2021

He will lead a global team of former entrepreneurs, innovation strategists, product managers and venture builders to accelerate the development of new solutions at Citi’s internal incubation program. Citi has announced the appointment of Singapore-based Victor Alexiev as head of D10X for its Institutional Clients Group (ICG), effective immediately, the firm announced on Friday. Alexiev joined Citi in […]

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Retail Asia29/10/2021

They will replace David Biller, who will be relocating to Europe at the end of the year to take on a broader role as co-head of industrials for EMEA, Asia and Japan. Citi has appointed Matthew Nimtz and Jonathan Quek as co-heads of Asean banking, capital markets and advisory (BCMA), effective immediately, according to an internal memo seen. Nimtz […]

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Retail Asia28/10/2021

They will replace David Biller, who will be relocating to Europe at the end of the year to take on a broader role as co-head of industrials for EMEA, Asia and Japan. Citi has appointed Matthew Nimtz and Jonathan Quek as co-heads of Asean banking, capital markets and advisory (BCMA), effective immediately, according to an internal memo. Nimtz and […]

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Retail Asia21/10/2021

Binding bids for Citigroup’s retail assets across Asia are due within the coming week with interest drawn from both fellow global banks and local players. Binding bids for Indonesia, the Philippines, Taiwan, and Thailand are due on Friday, according to a «Bloomberg» report citing unnamed sources, with offers for India due next week. Deliberations are ongoing […]

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Retail Asia18/10/2021

Citigroup’s profits surged in the third quarter, despite a loss on the sale of its Australian consumer banking business. Citi registered $4.6 billion of net income in the third quarter, according to its latest results, marking a 48 percent year-on-year surge. The American lender’s quarterly results also outperformed analyst forecasts of around $3.6 billion, according […]

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Retail Asia06/10/2021

Based in Hong Kong, the newly created role will support the bank’s clients with their transition to cleaner energy. Citi has appointed William Pang as head of natural resources and clean energy transition (NRCET) investment banking Asia, effective immediately, the U.S. lender announced in a statement on Tuesday. Pang joined Citi in 2015, and has over 18 […]

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Retail Asia15/09/2021

Citigroup has reportedly hired the former Southeast Asia head of investment banking from Goldman Sachs. Harry Naysmith will join Citi as its vice chairman of banking, capital markets and advisory for Southeast Asia. Naismith joined Goldman Sachs in 2013, last as its Southeast Asia head of investment banking. Previously, he also spent five years with […]

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Retail Asia07/09/2021

The new China desk in Singapore adds to CCB’s network of six Asia desks in the region, which supports clients’ banking needs across intra-Asia growth corridors. Citi Commercial Bank (CCB) Asia Pacific has set up a China desk in Singapore, facilitating access to the cit-state and wider ASEAN region for emerging corporates from China, it […]

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Retail Asia26/08/2021

The U.S. bank joins its peers in ramping up crypto-related efforts as client demand spikes Citi is awaiting regulatory approval to trade bitcoin futures on the Chicago Mercantile Exchange (CME), Coindesk reported on Wednesday, citing two sources, including one at the bank. One of the sources said the bank is actively recruiting traders to its London crypto trading desk […]

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Retail Asia30/07/2021

Citi’s wealth management business in Asia Pacific registered a record-high in net new assets during the first half. Citi’s newly merged wealth management unit – Citi Global Wealth (CGW) – attracted nearly $15 billion in net new money across Asia Pacific, according to a statement, mostly from its wealth hubs in Hong Kong, Singapore, London […]

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Retail Asia15/07/2021

Citigroup’s profits in the second quarter comfortably beat market estimates in part due to significantly reduced loan provisions driven by an outperforming global economic recovery. Citi posted $6.19 billion in net income for the second quarter, according to its latest results, marking a nearly six-fold increase compared to last year. Profits in the quarter exceeded […]

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