Krause, currently head of global transaction services for Citi in China, replaces Charly Madan who has left for new opportunities after 14 years with the bank. Madan's next move has not been revealed.
In his new position, Krause will report to Piyush Gupta, head of the Asean institutional clients group and Citi country officer for Singapore.
Prior to his new role, Krause led Citi China's cash management business for corporate clients. He was also formerly cash management and trade head at Citibank Japan, before moving to Shanghai in 2002.
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