In 2022, UOB agreed to acquire Citi’s Vietnam business as part of a larger deal that also includes Malaysia, Thailand and Indonesia. Meanwhile, the bank’s India consumer business will transfer to domestic lender, Axis Bank.

Former Citi country officer (CCO) for the Philippines, Aftab Ahmed, has been appointed chair of Citibank Taiwan Limited (CTL).

Vicky Kong rejoins the US bank after 14 years at Standard Chartered.

The bank forges ahead with its strategic divestiture from consumer banking in 14 markets.

Aveline San replaces Angel Ng, following her appointment as Asia head of Citi Global Wealth.

Robert Jahrling has been promoted from co-head of Equity Capital Markets (ECM) in Australia and New Zealand to run the whole team.

Hong Kong-based Dr. Xiangrong Yu takes on responsibility for the bank’s views on China’s economy and policy. He shares with FA his thoughts on last week’s move by the PBOC’s to offer a RMB 1 trillion fiscal boost, as well as his concerns around inflation in 2H22.

Mark England succeeds Martin Carpenter following his retirement. He will continue his responsibilities as co-head of Sales for Citi Securities Services, APAC.

The bank sees issuers across tech, consumer, healthcare and electric vehicle (EV) supply chain as likely to drive IPO activity in 2023.

Angel Ng, current CEO for Hong Kong and Macau, will become the bank’s head of Asia Pacific Global Wealth Management.