Citi has appointed Weber Lo as its new country officer and chief executive for Hong Kong and Macau. He will take over the role on January 1, 2013 and succeeds Shengman Zhang.
Lo is currently head of Citi’s consumer banking business in Hong Kong and Macau, covering retail banking, investment, insurance, credit cards and consumer lending, as well as commercial banking. In his new role, he will be responsible for all businesses across the Citi franchise in the two special administrative regions.
Lo will also join Citi’s Asia-Pacific executive committee, reporting to Stephen Bird, chief executive for the region.
“Lo’s appointment demonstrates...
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