People Moves

Citi Private Bank Southeast Asia Head Widens Role

Tom Burroughes Group Editor 19 May 2021

Citi Private Bank Southeast Asia Head Widens Role

Lee Lung Nien has worked in a number of senior roles at the US banking group in a career spanning three decades.

Citigroup has announced that Lee Lung Nien will head its private banking business in South Asia, adding to his existing role as chairman of Citi Private Bank for South Asia.

Global market managers in South Asia will report to The 30-year Citi veteran, known as “Lung” in the industry. He will have direct responsibility for the Singapore and Malaysia markets.

Lee Lung Nien will remain based in Singapore, reporting to Steven Lo, Asia-Pacific regional head of Citi Private Bank and Amol Gupte, ASEAN head and Citi country officer for Singapore.

“The South Asia region possesses outstanding potential due to a fresh wave of entrepreneurship, developing capital markets and an increasingly welcoming environment for family offices. Lung’s vast experience and extensive relationships in that region positions us well to fully capture these opportunities," Gupte said in a statement. 

Lee Lung Nien has worked in a variety of senior leadership roles across multiple businesses, functional areas, and geographies, including being the CEO of Citi Malaysia from 2014 to 2020. 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. He is a qualified chartered banker and a fellow of the Asia Institute of Chartered Bankers. 

Additionally, he has served on the boards of charitable organisations such as MILK (Mainly I Love Kids) and Beyond Social Services, as well as the Singapore Dance Theatre.

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