, Singapore
67 views

Citi appoints new head for private banking arm in South Asia

Lee will have direct responsibility over the private bank arm of Singapore, Malaysia.

Citi has appointed Lee Lung Nien as head of its private banking business in South Asia, on top of his existing roles as Chairman of Citi Private Bank for the region, according to the press release.

The South Asia region includes Singapore and Malaysia and is considered by Citi Private Bank as a a key growth area that is critical to the success of the Citi Global Wealth initiative.

Lee, 30, will have direct responsibility over the Singapore and Malaysia markets, with the Global Market Managers of South Asia reporting to him. He remains based in Singapore and will report to Steven Lo, APAC regional head of Citi Private Bank and Amol Gupte, ASEAN head and Citi country officer for Singapore.

“Citi Private Bank has ambitious plans for South Asia, a region where we have built strong  client relationships and one which promises further scale and growth,” Lo said, commenting on Lee’s appointment. “[Lee]’s experience and knowledge of  Citi means he is uniquely suited to offer the full power of the Citi Private Bank franchise to clients in the  region.”  

Throughout his career in Citi, Lee 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.

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Get Asian Banking & Finance in your inbox
It carries an annual interest rate of 1.25%.
CBIRC also warned against emerging local real estate bubbles.
Mortgages and credit card demand rose, whilst unsecured credit hit a historical low.
The bank will test the feature with retail and corporate clients for 12 months.
This is to ensure that troubled financial institutions won't end up needing costly bailouts.
CEO Wong joins as executive director, and a retired EY partner also joins the board.
The event will bring together experts from LexisNexis Risk Solutions and the city’s leading financial players.
Cashfree processes $20b worth of transactions annually.
Parent DigibankASIA will work alongside partners Mambu, Backbase, and AWS in developing its services.
And UBS' new digital wealth management platform pulls $3.7b in first year.
The respondents are accused violating banking, cybercrime and e-commerce laws.
New customers may choose between the original black, as well as the new lilac and silver designs.
Wong protege David Liao and India’s Surendra Rosha are rumored to become co-heads.
Ratio of bad loans to total lending came at only 0.62% as of end-March.
The country hit a record for fintech investments last year, and more is expected, says MAS’ Mohanty.