🐂 Not all bull runs are created equal. November’s AI picks include 5 stocks up +20% eachUnlock Stocks

Citigroup appoints new Asia Pacific wealth boss

Published 04/12/2022, 12:04 AM
Updated 04/12/2022, 12:05 AM
© Reuters. FILE PHOTO: A view of the exterior of the Citibank corporate headquarters in New York, New York, U.S. May 20, 2015.  REUTERS/Mike Segar
C
-

HONG KONG (Reuters) - Citigroup Inc (NYSE:C) said on Tuesday it appointed Angel Ng to lead its Asia Pacific global wealth management business.

Ng, currently Citigroup's Hong Kong chief executive, will oversee Citi's wealth management business — centred around hubs in Singapore and Hong Kong — and lead the personal banking units in both cities.

She replaces Fabio Fontainha and Steven Lo, the previous co-heads of the Asia Pacific wealth business who have both shifted to new jobs within Citi.

© Reuters. FILE PHOTO: A view of the exterior of the Citibank corporate headquarters in New York, New York, U.S. May 20, 2015.  REUTERS/Mike Segar

Wealth management in Asia Pacific recorded $2.5 billion in revenue in 2021 and Citi aims to grow client assets in that business by $150 billion by 2025, the statement said.

Citi also said it plans to add 2,300 staff by 2025.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.