Citi announced yesterday that Stephen Bird and Shirish Apte have been made chief executive officers for Asia-Pacific, while Shengman Zhang has been named chairman of the firm in the region, effective immediately. They replace Ajay Banga who held the title of Asia-Pacific CEO and left the firm on June 19 to become president and CEO of MasterCard.
The bank also announced that Bill Mills and Alberto Verme were made CEOs of Europe, the Middle East and Africa EMEA.
No real surprises, said a Citi insider, but it certainly underlines this increased focus on emerging markets that Citi CEO Vikram Pandit is speaking about all the time now.
In Asia-Pacific,...
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