A 40-year veteran at Citi has been appointed as the new chairman for the American lender's Taiwan unit.
The board of Citibank Taiwan Limited (CTL) has elected Aftab Ahmed as its new chairman, according to a statement, subject to regulatory approval.
Ahmed succeeds Paulus Mok who first joined Citi in Canada in 1994 before becoming Citi country officer (CCO) for Taiwan in 2017. Mok announced in December that he would retire from his roles as CTL chair and Citi CEO for Taiwan on January 1, 2023.
Aftab Ahmed
Ahmed has over 40 years of experience, most recently as CCO for the Philippines. Previously, he also held other senior roles including CCO and CEO for Egypt, CCO and CEO for Hungary, consumer country business manager for Pakistan, corporate bank head in New Zealand and more.
Within Taiwan, he previously worked as the market’s global consumer banking operations and technology head.
Citi in Taiwan
Last year, Citi sold its consumer business in Taiwan to DBS as part of a broader strategic rejig to exit 13 retail markets where the US lender lacked scale.
Within Taiwan, Citi continues to operate its institutional and SME business, banking over 700 multinational companies, 1,500 SMEs and 100 local corporates. Citi opened its first representative office in Taiwan in 1964.
«Taiwan is one of Citi’s most important markets in the region where we have a market-leading institutional franchise and a strong commitment to responsible and sustainable growth,» said Citi head oaf North and East Asia Tim Monger.
