Farhan Faruqui, Citi’s head of global banking for Asia-Pacific, has left the US bank to join ANZ as its chief executive of international business.
Faruqui, who has been with Citi for 23 years, has held various senior management roles in Europe and Asia, and will join the Australian bank in August, based in Hong Kong.
In an internal memo unveiling the news, Citi said that new leadership would be announced “in the next few weeks”.
An evaluation process has started involving Stephen Bird, Citi's CEO for Asia-Pacific, and his global corporate and investment banking partners.
“Farhan has been considering...