MOVES-Citi names Bank of America veteran Zhang as new China country head

Reuters
2025/06/02
MOVES-Citi names Bank of America veteran Zhang as new China country head

By Selena Li

HONG KONG, June 2 (Reuters) - Citigroup C.N said on Monday it had appointed Wenjie Zhang as its new country officer and banking head for China, after the exit of its former China head in November.

Zhang was also named president and executive director of Citibank China, the company said in a statement. The appointment is subject to regulatory approvals.

He will act as the lead Citi representative and as its single, coordinated face in the mainland China market, the company said, leading the team and fostering strong regulatory relationships and risk controls.

He will fill the role after former Citi China head Luke Lu left in November for personal reasons.

Zhang will join Citi in July and will be based in Shanghai, reporting to Marc Luet, Citi's Head of Japan, Asia North and Australia and Banking, the bank said.

A seasoned banker with 30 years of experience in corporate and institutional banking, Zhang was most recently the president of China and Shanghai branch manager for Bank of America BAC.N China, according to Citi's statement.

Prior to that, he was co-head of global banking and executive vice president at HSBC China, after stints at JPMorgan, Citi and Credit Agricole CIB.

Citi is cutting up to 200 information technology $(IT)$ contractor roles in China, two people familiar told Reuters last month, as the bank looks to hire its own staff globally for such operations to improve risk management and data governance.

Citi, which already has a banking business in China, is in the process of setting up a securities unit in the country.

(Reporting by Selena Li; Editing by Jamie Freed)

((Selena.Li@thomsonreuters.com; +852 39525868;))

應版權方要求,你需要登入查看該內容

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

熱議股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10