Former Citi Banker Returns to Head FIG in Hong Kong
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A former investment banker with Citi will be returning to the American lender to lead its financial institution’s group for Hong Kong.
Loretta Ko joins as the head of the FIG unit for Hong Kong from Banco Santander, where she held the same position. In addition to Citi, where she spent 15 years between 1989 and 2004, she had previously also worked for the likes of ANZ and Standard Chartered.
Hong Kong financial institutions (group) is a significant and growing part of corporate banking in the country as well as a critical contributor to the broader Asia Pacific financial institutions franchise, said a report citing the bank’s statement.
Not unlike many major competitors, Citi has placed a focus on creating a quantitive gender balance in its workforce which includes a target of having women make up at least 40 percent of assistance vice president to managing director-leveled jobs by 2021-end.
According to the bank, Asia is rapidly making progress towards that goal with the current figure at 39 percent. In 2019, 14 of the total 45 newly named managing directors (31 percent) in Asia were female, up from eight in the previous year.
Questions & Answers
Q.What role will Loretta Ko be taking up at Citi in Hong Kong?
What role will Loretta Ko be taking up at Citi in Hong Kong?
Loretta Ko will be leading the financial institution's group (FIG) for Hong Kong, a role she previously held at Banco Santander.
Q.How long did Loretta Ko work for Citi during her previous tenure?
How long did Loretta Ko work for Citi during her previous tenure?
Loretta Ko spent 15 years at Citi between 1989 and 2004, prior to her current return to the bank.
Q.What is Citi's target for gender balance in its workforce by the end of 2021?
What is Citi's target for gender balance in its workforce by the end of 2021?
Citi aims for women to hold at least 40 percent of jobs from assistant vice president to managing director level by the end of 2021.
Q.What percentage of newly named managing directors in Asia were female in 2019?
What percentage of newly named managing directors in Asia were female in 2019?
In 2019, 14 of the 45 newly named managing directors in Asia, representing 31 percent, were female.
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