Citi has made two new appointments to its Asia-Pacific retail banking business team, including one for a newly created role with oversight of its retail high-net-worth clients.
San San Chan has been appointed, effective October 1, Asia-Pacific and EMEA Citigold private client (CPC) business head, a new role reporting to Fabio Fontainha, Citi’s head of retail banking for Asia-Pacific and EMEA.
Chan, currently head of wealth management and acting retail banking head for Citi Singapore, will drive sales and advisory strategies for the CPC segment in the region.
She joined Citi Singapore in 2003 as a management associate, assuming roles of increasing responsibility within the wealth management business, including Citigold investment consultant and branch manager.
The CPC segment caters to customers with US$1 million to US$10 million in investable assets and the business in Asia is the fastest growing for CPC globally.
“Asia-Pacific remains one of the fastest-growing wealth regions globally, presenting opportunities for Citi to further support both existing and new clients,” says Fontainha. “The newly created CPC business head position underlines the strategic focus for Citi across this important retail wealth management segment.”
In addition to San San’s appointment, Citi has named Ashmita Acharya head of retail banking for Citi Singapore.
Acharya, who joined Citi in 2002 as a Citigold wealth management relationship manager in India, has held a number of country and global roles. In her new role, she will support Citi Singapore’s plans to double its wealth management clients by 2025.