Citi Private Bank Hires Global Market Head for China

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 spent nearly 13 years last as a managing director and senior client partner.

Citi Private Bank continues to bolster senior talent in the region following a reorganization that saw it merge retail, wealth management and private banking into a single unit – Citi Global Wealth (CGW). Citi Private Bank’s APAC head Steven Lo was named as co-head of the CGW unit in the region.

Last month, the American private bank added ex-UBP wealth planner Faye Ong as head of the family office advisory, private capital group.

And in May, it appointed 30-year Citi banker Lee Lung Nien as South Asia head of private banking.