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Editorial board member, Sunil Veetil shared with FinanceAsia his observations of the current sustainability landscape and discussed the climate-conscious innovations that Asia’s market participants can look forward to over the long term.

The deal, including the transfer of 300 employees and around $3.6bn of assets and deposits, was announced in October 2023 as part of a wider strategy by Citi, which has now closed sales of consumer units in nine markets.

With the bulk of its business coming from Asia, Europe’s largest bank is planning for a new leader to take the helm, most likely in 2025.

The bank's group chief executive said he wants to "pursue a portfolio career going forward", as Q1 earnings beat expectations.

China’s green tech is leading the way, but a structural challenge domestically is more crucial, an audience of investors heard in Hong Kong.

The bank wants to help scale digital 'platform players', and is also offering $150m of venture debt to the Singapore market to provide financing to early-stage, high-growth companies backed by venture capital or private equity.

At the start of this week, Citi and HSBC formalised an agreement that is set to close in the first half of 2024.

The integration of features such as distributed market infrastructure (DMI) technology from Calastone will also strengthen HSBC’s global ETF services with real-time connectivity to market updates.

The bank has provided funding to a Hong Kong-based insurtech firm, OneDegree.