Citi Private Bank Appoints South Asia Chairman

Jul 28, 2020 Hubbis

Citi has announced that it has appointed Lung Nien Lee as Chairman, South Asia of Citi Private Bank.

The appointment will be effective as of September 1st 2020, with Lee reportedly to be based in Singapore. In his new role, Lee will report to Steven Lo, Regional Head, Asia Pacific, Citi Private Bank, and Amol Gupte, Head, ASEAN, and Country Officer, Singapore, Citi.

Attracting new, high quality clients to CPB remains a key component to its growth strategy and Lee will have primary responsibility to drive business development and new client acquisition, said Citi.

“Our franchise in South Asia is critical to the success of our business in the region and globally, and the appointment of Lung speaks to that. The investments we have made here over the past few years have allowed us to focus more closely on serving the unique markets within the region while providing clients with access to the full breadth of our global platform,” commented Lo.

Lee took up his current role of CEO of Citi Malaysia in 2014, and has over 30 years of experience at Citi working in a variety of senior leadership roles across multiple businesses, functional areas, and geographies. Prior to Malaysia, he served as the Co-Head of Corporate Sales and Structuring for Markets and Securities Services, Chief Operating Officer for Singapore and AML Business Head of Asia Pacific.

“Lung’s deep knowledge of the region, extensive relationships at Citi, and broad network in Singapore will help us identify and acquire new clients, deepen existing relationships, and further grow our business,” said Gupte.

Lee is a qualified Fellow Chartered Banker and an active member on a number of boards including the Asian Institute of Chartered Bankers and the Singapore Dance Theatre. He also serves as the President of Motor Sports Singapore, the governing body of motor sports in Singapore.