Citi joins HSBC in creating senior Belt and Road role

Citi has named New York-based Beibei Li as its head of Belt and Road banking and origination after HSBC moved its Malaysia CEO into a similar position earlier this summer.

So it's not a blip. Following HSBC, Citi too has created a senior banking role dedicated to the  Belt and Road Initiative as Western banks step up their efforts to splice their operations into China's grand inter-regional blueprint and, perhaps, ingratiate themselves more with Beijing.

On Thursday Citi said it had appointed Beibei Li as head of banking and origination for Belt and Road in Asia, having already been the only external global coordinator bank on Bank of China’s $10 billion Belt and Road multi-currency international bond issue in April.

That's after Mukhtar Hussain started his similarly new-fangled role as HSBC's head of Belt...

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