citi-reorganises-its-asia-business

Citi reorganises its Asia business

In an effort to achieve greater efficiencies, the firm divides the region into four areas supported by seven product and coverage groups.
Now that Ajay Banga is in charge of Citi Asia Pacific, he is organising a regional restructuring of the business just as he promised he would do earlier this month in an interview with FinanceAsia.

The reorganisation is an effort to as the firm put it in a press release achieve greater client focus, product excellence, and greater efficiencies.

When we last spoke, I talked about our new regional CEO structure being a step towards getting closer to our clients and bringing greater decision making into the region. This new structure takes that thinking a step further by eliminating unnecessary layers and establishing a clear decision-making and accountability within Asia Pacific. It's designed...
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