citi

Citi completes sale of Indonesia consumer business to UOB

The move is part of a deal for Citi to sell consumer banking businesses in Malaysia, Thailand, Vietnam and Indonesia to UOB as it retreats from 14 markets in the space. Meanwhile, a major reorganisation at the bank has begun, including Asia leadership changes.

November 20, 2023

HSBC to acquire Citi’s China-based consumer banking portfolio

At the start of this week, Citi and HSBC formalised an agreement that is set to close in the first half of 2024.

October 10, 2023

DBS completes acquisition of Citi’s Taiwan-based consumer business

The Singaporean bank has acquired Citi’s Taiwanese consumer franchise following plans announced at the start of 2022.

August 15, 2023

Citi appoints new Malaysia CEO

Vikram Singh takes on the senior leadership post, drawing on over two decades of experience with the bank in India, the Philippines and Singapore.

May 02, 2023

Citi completes consumer banking sales of India and Vietnam businesses

In 2022, UOB agreed to acquire Citi’s Vietnam business as part of a larger deal that also includes Malaysia, Thailand and Indonesia. Meanwhile, the bank’s India consumer business will transfer to domestic lender, Axis Bank.

March 07, 2023

Citi appoints veteran as its new Taiwan CEO

Former Citi country officer (CCO) for the Philippines, Aftab Ahmed, has been appointed chair of Citibank Taiwan Limited (CTL).

January 10, 2023

Citi makes three senior BCMA hires in Hong Kong and launches new wealth hub

The bank sees issuers across tech, consumer, healthcare and electric vehicle (EV) supply chain as likely to drive IPO activity in 2023.

December 06, 2022

Citi completes sale of Malaysia and Thailand consumer banking units to UOB

The bank forges ahead with its strategic divestiture from consumer banking in 14 markets.

November 08, 2022

Citi appoints Hong Kong consumer business manager

Vicky Kong rejoins the US bank after 14 years at Standard Chartered.

September 13, 2022

Citi appoints CEO for Hong Kong & Macau

Aveline San replaces Angel Ng, following her appointment as Asia head of Citi Global Wealth.

August 23, 2022