Citi Private Bank Rejigs Asia Structure
The private banking arm of Citi has reorganized its Asia business with the goal of creating closer collaboration within the business, finews.asia has learned.
Citi Private Bank has streamlined its business structure in Japan, Asia North and Australia (JANA) as well as Asia South, sources familiar with the matter told finews.asia.
Moving forward, global market managers will become market executives, bringing them closer to bankers and investment counsellors while enabling greater collaboration and partnership. The market executives will all report to Steven Lo, Citi Private Bank’s head of JANA and Asia South.
Role Changes
Jennifer Tay, market executive for Singapore and Malaysia, will take on additional responsibility for the Philippines, Australia and New Zealand. Angie So will continue to oversee the Philippines business, reporting to Tay.
Jocelyn Guo will combine China South & West coverage into the China team while Su Ching Chia will lead Indonesia and Thailand.
Sally Yeh, Lillian Liao, and Nisha Sapra will continue in their current roles. Lung-Nien Lee will also continue in his role as Asia South chairman. Tim Morse has decided to leave the firm and join his family in Australia.
Investment Teams
In addition, Horace Yip, market executive, Hong Kong, and Tay will lead the investment advisory teams on top of their existing market responsibilities.
In JANA, investment counselor team leads Kevin Cui and Edmond Hoang will report to Yip. In Asia South, Michel Theodas and Toby Gresham will report to Pei-Jet Chia, under Tay.
When contacted, a spokesperson for the bank confirmed the changes.
