The bank has made a pair of Singapore-based senior appointments effective October 1, including the creation of a new role, to further support both existing and new clients.
San San Chan has been appointed Asia Pacific and EMEA Citigold Private Client (CPC) business head, a newly created role to drive the execution of regional sales and advisory strategies for the CPC segment, which caters to customers with $1 million to $10 million in investable assets.
Chan, who joined Citi in 2003, is currently head of Wealth Management and Segments, and acting Retail Banking head, for Citibank Singapore.
In her new role, Chan will drive accelerated growth for the segment as the bank targets a 10 percent increase in new Wealth Management clients and assets in 2020. She will reports to Fabio Fontainha, Citi’s head of Retail Banking for Asia Pacific and EMEA.
Wealth Management Push
Citi also named Ashmita Acharya (pictured below) as head of Retail Banking for Citibank Singapore, a role in which she will support Citi Singapore’s plans to double Wealth Management clients by 2025.
Ashmita Acharya, Head of Retail Banking, Citibank Singapore
Acharya is currently Asia Pacific and EMEA head for Segments, based in Singapore, and is responsible for Citi’s client segment strategy in the region covering Citibanking, Citi Priority, Citigold and CPC. She joined Citi in 2002 as a Citigold Wealth Management relationship manager in India, and later relocated to New York, where she held a number of country and global roles across client experience, marketing, strategy and segments.
She will report to Fontainha and Brendan Carney, head of Consumer Banking for Citi in ASEAN and Singapore.
Growth Market
Carney said that Citi's plans to double its retail market share in Singapore over the next few years remain on track.
«Singapore is a strategic growth market for Citi’s consumer banking business and we see a huge opportunity to extend our leadership in the affluent segment,» he said about the appointments.
