People Moves

17-Year Citi Private Bank Veteran Returns As Head Of Client Coverage, APAC

Tara Loader Wilkinson, Editor Asia, 28 August 2012

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A 17-year Citi Private Bank alumni has returned after a four year absence to the bank, as managing director and head of client coverage for Asia-Pacific.

A 17-year Citi Private Bank alumni has returned after a four year absence to the bank, in a newly created role as managing director and head of client coverage for Asia-Pacific. 

Wayne Yang, who started at the private banking arm of the Wall Street lender in 1990, held a variety of roles including global market manager Indonesia, Malaysia, Brunei and Manhattan. His expertise is covering ultra high net worth clients, confirmed a source close to the situation.

He will report to Bassam Salem, the Hong Kong-based chief executive of Citi Private Bank in Asia-Pacific. Citi says it is the largest wealth manager in the region. It has global client assets under management of US$250 billion and a network of over 1,000 private bankers.  

Yang most recently worked at Deutsche Bank as a managing director and head of wealth management South East Asia. He moved to the German bank in 2009 after three years at Merrill Lynch.

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