People Moves

Citi Strengthens Asia Business With Senior Appointments In Singapore, Hong Kong

Vanessa Doctor Asia Correspondent 5 March 2012

Citi Strengthens Asia Business With Senior Appointments In Singapore, Hong Kong

Citi continues to strengthen its Asian franchise with the appointment of a new chief for Singapore and a fund services head in Hong Kong. 

Han Kwee Juan has been named chief executive and country business manager of Citibank Singapore, with immediate effect. 

Han was previously the head of retail banking, which he assumed in August last year. He began his 20-year banking career as an intern in 1990 for Citibank and then moved on to become head of global cash and trade and head of global relationship banking Singapore. He takes over from Anil Wadhwani, who was also recently appointed head of cards and personal loans for Citi Asia-Pacific.

A few days earlier, Citi announced that Cheeping Yap will take the role of head of fund services for Asia ex Australia for the Securities and Fund Services business.

Yap joined Citi in Hong Kong in late 2006 as head of securities and fund services for China, based in Shanghai. He became head of SFS for Hong Kong in 2009. At his new role, Yap will remain based in Hong Kong, responsible for growing the firm's fund platform in the region. He reports jointly to David Russell, head of securities and fund services Asia-Pacific, and Sanjib Sawhney, global head of fund services. 

Citi's Securities and Fund Services business has around $12.5 trillion in assets under custody. Citi Singapore offers nearly every asset class in its portofolio, making it one of the largest banking employer's in the city-state. 

The announcements shortly follow Kwang Meng Quek's resignation as co-head of the global managed investments real estate business for Asia to pursue a career in Shanghai. He has been replaced by Yvonne Siew, who has been with the bank for the past seven years. 

Register for WealthBriefing today

Gain access to regular and exclusive research on the global wealth management sector along with the opportunity to attend industry events such as exclusive invites to Breakfast Briefings and Summits in the major wealth management centres and industry leading awards programmes