Citigroup has appointed a new country head for Indonesia, replacing the former head who is moving to Singapore to take up a new position.

Citigroup has appointed a new country head for Indonesia, after a difficult three-month period during which one of its relationship managers was found guilty of fraud there, the bank has confirmed. 

Tigor Siahaan now takes up the role as chief country officer for Indonesia, with effect from 30 June. He takes over from Shariq Mukhtar, who will be moving to Singapore for a new position. In a memo, Shirish Apte, the Asia-Pacific chief executive welcomed Siahaan's hire, noting that minus the controversy, Indonesia had actually experienced a period of exceptional growth over the past years. 

Siahaan is the first Indonesian to serve in this role at Citi.