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Tag: citi

Retail Asia09/07/2021
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Finance

Citi Private Bank Hires Global Market Head for China

1min0
Citi Private Bank has named a new global market head for China-based in Singapore. Lillian Liao joins Citi Private Bank as a managing director and global market head, China, sources said, reporting to North Asia head of private banking Rudolf Hitsch. A spokesperson for the bank declined to comment. Liao joins from Credit Suisse where she […]
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Retail Asia07/07/2021
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Finance

Citi Singapore Appoints Senior Execs

3min0
The bank has appointed five locals to senior positions across Asia Pacific in various business groups, according to an announcement. Chan San-San, who joined Citi in 2003, was appointed private banking high net worth head for Asia Pacific, effective July. She will continue to be based in Singapore and will join the Global Private Bank leadership […]
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Retail Asia16/06/2021
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Finance

Citi to End Small Biz Banking in Singapore

2min0
The bank will shut its consumer unit serving small businesses in Singapore in mid-August. Citibank has decided to close its Citibusiness unit, which will affect some 2,000 customers, following an ongoing strategic review of the business. About 20 to 30 staff will be affected by the changes, saying that Citi would be re-allocating its resources […]
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Retail Asia15/06/2021
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Finance

Citi to End Small Biz Banking in Singapore

2min0
The bank will shut its consumer unit serving small businesses in Singapore in mid-August. Citibank has decided to close its Citibusiness unit, which will affect some 2,000 customers, following an ongoing strategic review of the business. About 20 to 30 staff will be affected by the changes, a bank spokesperson said, saying that Citi would […]
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Retail Asia24/05/2021
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Finance

Citi Appoints Credit Card Head in Singapore

2min0
Citi names a new Singapore head of credit cards and personal loans for its global consumer banking business. Citi appointed Serene Gay to the new role, according to a statement, to oversee customer growth, portfolio management, product management, and customer retention for credit cards and ready credit. Gay succeeds Vikas Kumar who will join Citi’s U.S. consumer unsecured leading […]
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Retail Asia18/05/2021
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Finance

Citi Names Head of Private Bank for South Asia

2min0
The Singapore-based Citi veteran will oversee the bank’s global market managers in South Asia and will have direct responsibility for the Singapore and Malaysia markets. Citi has named Lee Lung Nien as head of its private banking business in South Asia, in addition to his existing role as chairman of Citi Private Bank for South Asia, according to an […]
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Retail Asia11/05/2021
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Finance

UOB Mulls Citi Asset Hunt in Asia

2min0
UOB is the latest bank to express interest in potentially acquiring Citi’s retail assets in the Asia Pacific region. UOB chief executive Wee Ee Cheong said that the Singapore lender would provide more clarity on acquisition plans after Citi release more details later this month. As long as it’s a strategic fit, is at the right […]
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Retail Asia22/04/2021
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Finance

Citi Elevates Senior Hong Kong Investment Banker

1min0
Citi has expanded the role of its regional head of corporate finance with greater responsibilities for the Hong Kong investment banking business. Alex Schrantz has been named head of banking, capital markets and advisory (BCMA) for Hong Kong, according to a statement, effective immediately. Schrantz reports to APAC head of BCMA Jan Metzger alongside Hong Kong and Macau […]
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Retail Asia21/04/2021
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Finance

Citi Eyes More China Licenses

2min0
After its consumer banking exit in China, Citi will accelerate the growth of its mainland institutional business with the reported pursuit of new licenses. Citi plans to submit an application for a securities and futures brokerage license, according to a report citing unnamed sources, with a focus on underwriting yuan-denominated shares and client trading. The American […]
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Retail Asia21/04/2021
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Finance

Global Banks Vie for Citi’s Asia Consumer Business

2min0
Two of Singapore’s «big three» lenders are said to be interested in acquiring parts of Citi’s consumer business, which is downsizing worldwide. DBS Group, OCBC, Mitsubishi UFJ Financial Group (MUFG) and Standard Chartered intend to bid parts of the bank’s consumer banking portfolios and brances in Asia, citing sources with direct knowledge of the matter. The […]
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Retail Asia19/04/2021
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Finance

Citigroup to exit consumer banking in Vietnam

1min0
America’s Citigroup will exit 13 international consumer banking markets, including Vietnam, to shift its focus to four wealth centers. The move is part of the bank’s strategic decision to direct investments and resources to businesses with the greatest scale and growth potential, it stated, adding its main markets will include Singapore, Hong Kong, the United […]
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Retail Asia19/04/2021
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Finance

Citi Boosts Hong Kong Wealth Headcount

2min0
Citi unveiled its hiring plans for its wealth management business in Hong Kong – one of the few remaining markets the bank will place its renewed focus on after announcing a series of planned exits. Citi will look to hire up to 500 people in its Hong Kong wealth unit, according to a statement. The […]
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Retail Asia16/04/2021
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Finance

Citi Names Wealth Co-Heads for Asia Pacific

2min0
Citi made a raft of new appointments to its wealth management unit including the promotion of its Asia head of private banking. Citi named Steven Lo co-head of the wealth unit in the region alongside APAC head of retail banking Fabio Fontainha, according to an internal memo. Lo was named Asia head of the private bank in 2017, […]
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Retail Asia09/04/2021
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Finance

Citi Appoints Senior China Corporate Banker

1min0
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 […]
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Retail Asia05/04/2021
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Finance

Citi Names Head of Asia Consumer Bank

2min0
He takes over from Gonzalo Luchetti, who was named U.S. consumer banking head, as reported in January. Citi has named Kartik Mani as its new consumer banking head for Asia, according to an internal memo Mani will report to Anand Selva, global consumer bank CEO and Peter Babej, Citi’s Asia Pacific CEO,  and join the bank’s Asia Pacific Operating Committee. Mani […]
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Retail Asia18/03/2021
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Finance

Citi Private Bank Loses China Heavyweight

2min0
Citi Private Bank loses several within its mainland China coverage team, including a veteran relationship manager. Citi Private Bank’s global market manager for southern mainland China, Kevin King, has resigned from the bank, sources said. In addition, another four have also left the China team at the private bank. A spokesperson for the bank declined to comment. […]
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Retail Asia24/02/2021
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Finance

Citi Rolls Out Digital-Only Offering in Hong Kong

2min0
The Citi Plusdigital wealth platform was officially rolled out on Monday in Hong Kong, following a pilot launch in December 2020. Catered to digital natives, Citi Plus offers personalized wealth management information and knowledge kits for clients and introduces gamification to build healthy financial habits and achieve targets responsibly. Millennials were invited to participate in […]
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Retail Asia23/02/2021
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Finance

Citi Mulls Sale of Consumer Units in Asia

2min0
Citigroup is exploring the possibility of downsizing its consumer business worldwide with an eye on selling some of its businesses in the Asia Pacific region. Consumer banking units in South Korea, Thailand, the Philippines and Australia were named for potential divesture, according to a report citing unnamed sources. The Mexico consumer unit is also being reviewed, […]
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