Citigroup Private Bank in Singapore has confirmed the appointment of Cheung Shuk Kwan as head of structured products. Ms Cheung has been with the bank for over 10 years and replaces Anurag Mahesh who is believed to have left at the end of January to join Goldman Sachs, according to unconfirmed reports. Sources close to Citi say that up to eight members of the private bank’s product development team have left to join Ravi Raju at Deutsche Wealth Management who himself left Citi in February. Mr Raju was head of investments for Asia Pacific and Middle East at Citi's global wealth management arm.