Citi has appointed a new CEO for the growing market in Australia. He already once worked with the U.S. bank.
U.S. banking giant Citi appointed Marc Luet as Citi Australia CEO, and Head of Citi’s Australia and New Zealand cluster, subject to local regulatory approval, the firm said in a statement sent on Wednesday.
He will report to Tim Monger, interim CEO of Asia Pacific, and will join the Asia Pacific Operating Committee. He succeeds David Livingstone, who was recently appointed CEO for Citi’s Europe, Middle East & Africa region.
Covering 80 Geographies
Luet is currently Citi’s Cluster Head for Israel, Kazakhstan, Poland, Russia, Turkey, and Ukraine. He also serves as Chairman of the Board of Directors of AO Citibank Russia, Citibank Turkey and is a member of the Board of Citi Handlowy in Poland.
Luet first joined Citi in 1991, and spent more than 10 years in Marketing, Risk, and Operations in Europe and North America, before serving as Consumer Business Manager for Hungary and Belgium. He re-joined Citi in 2010 as Head of Citicorp Consumer and Commercial Banking for EMEA, from Visa, where he had served as President for CEMEA, covering 80 geographies.
CEO of Russia
He was appointed CEO of Russia in 2013, before taking on his current cluster responsibilities in 2017. He has also helped to drive the strategy in the 51 non-presence countries in EMEA.
In his role, he will be responsible for Citi’s business in Australia. This includes developing and implementing the business strategy, fostering successful client relationships at all levels of the organization, managing risk and controls, and protecting and enhancing Citi’s reputation in Australia.
