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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…
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…
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…
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,…
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…
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…
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…
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…
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…
Citi has hired a former partner from Ernst & Young to lead the upcoming launch of a new digital payment solution in the region. James Lloyd joins the treasury and trade solutions (TTS) unit as its Asia Pacific head of Spring by Citi – upcoming digital…
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…
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…
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…
Citi is keen to exit its India consumer banking operations soon and would like to sell the entire set-up in one go, sources told India media. Talks with DBS Bank are at an advanced stage and they are keen to take up the entire consumer banking operation,» a…
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…
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…
