Citi names new country officer for Hong Kong

Citi announced yesterday that Shengman Zhang has been appointed country officer for Hong Kong, the bank's most senior position in the territory. He will maintain his other responsibilities as president of Asia-Pacific and vice-chairman of global banking. Zhang succeeds Sim S Lim, who recently moved to Japan to become CEO of Nikko Citigroup.

The new role is very much a hands-on position, and Zhang will be meeting clients on a day-to-day basis. He will be in charge of CitiÆs three main business sectors: the institutional clients group, global wealth management and consumer banking.

Zhang joined Citi in February 2006 after spending 12 years at the World Bank, where he oversaw lending and advisory operations, as well as the bankÆs corporate and support functions. While at the World Bank, he also chaired committees on the bankÆs operations, sanctions, and fraud and corruption. Before joining the World Bank, he held several senior positions in the Chinese Ministry of Finance.