Private Banks

Citi appoints C.R. Sambamurthy as Asia Head of Citigold and Citigold Private Client

In order to accelerate Citi’s progress in Asia, the bank has announced that C.R. Sambamurthy (Shyam) – most recently the Head of International Personal Banking (IPB) – will be returning from his sabbatical to serve as the Asia Head of Citigold and Citigold Private Client (CPC).

Shyam's appointment is effective August 1st and he will be based in Singapore. Shyam will report to Fabio Fontainha, Global Head of Citigold and Citigold Private Client, and Angel Ng, Asia Head of Citi Global Wealth. Shyam will be accountable for advancing the bank’s client, commercial and talent strategies in Asia for Citigold/CPC, while also delivering on our regional P&L and metrics.

Shyam is a 34-year Citi veteran with significant experience in cross-border wealth management and has managed complex, multi-jurisdictional businesses across Asia and Europe. He was instrumental in the integration of Citi's Global Non-Resident Indian business with IPB Singapore, helping us become a force to be reckoned with in the Asia Pacific offshore affluent and high-net-worth space. He was also conferred the Institute of Banking and Finance (IBF) Fellow title in 2016, which recognizes financial veterans who have demonstrated mastery of a profession, exemplify thought leadership and have a commitment to industry development.

Citi Global Wealth unifies the bank’s wealth management teams across the Citi franchise. It is a single, integrated platform serving clients across the wealth continuum, from the affluent segment to ultra-high net worth clients. In April last year, we announced that Citi will be adding around 2,300 professionals including 1,100 relationship managers and private bankers across Singapore and Hong Kong, as Citi Global Wealth expects to add over US$150 billion in AUMs in the region by 2025.

In 2021, Citi added over 14,000 new wealth clients and hired several hundred private bankers and relationship managers across Singapore and Hong Kong. Citi Global Wealth in Asia also contributed to over 30% of the US$7.5 billion in Citi Global Wealth [global] revenues last year.