Citi’s Marc Luet handed Asia North, Australia Cluster position as Angel Ng retires

Marc Luet, Citi’s Japan Cluster and banking head is about to turn out to be Citi’s Asia North and Australia Cluster and banking head from April 1, based on an organization media launch. 

In his new position, Luet (pictured left) will relocate from Tokyo to Hong Kong and can tackle duty for geographic administration and authorized entity administration throughout the cluster, in addition to oversight of merchandise and banking segments and native consumer engagement. 

The transfer comes Citi’s Angel Ng has determined to retire after 26 years with the financial institution, efficient April 5. Ng was most just lately the Asia North and Australia Cluster and banking head, with oversight over Citi’s companies in Australia, China, Hong Kong, Korea, New Zealand and Taiwan.

Ng (pictured proper) joined Citi Hong Kong in 1998 and served as head of retail banking, head of wealth administration and head of playing cards earlier than being appointed shopper enterprise supervisor for Hong Kong in 2015, the place she led the digital transformation of the enterprise. She was appointed chief government officer (CEO) for Hong Kong and Macau in 2018 and the top of Citi’s Asia wealth enterprise in 2022.

Luet has held many positions as a Citi nation officer (CCO) and CEO, together with in Australia, New Zealand, Russia, Ukraine, Kazakhstan, Poland, Turkey, and Israel, along with the US agency’s shopper banking enterprise in EMEA. Luet will proceed to carry his duty for Japan till a successor is known as.  

Ernesto Torres Cantú, Citi’s head of worldwide, commented in a press release: “The Asia North and Australia Cluster is a key development space for Citi internationally, having been within the area since 1902.  Marc can be targeted on creating higher connectivity throughout the financial institution to ship the complete energy of Citi to our shoppers.”

Cantú added: “I want Angel happiness on this new chapter of life and sit up for Marc’s management to deliver the cluster to new heights.”

For extra FinanceAsia individuals strikes click on right here. 

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