In a significant shake-up of its Asia Pacific operations, Citigroup Inc (NYSE:C) has elevated Jan Metzger to oversee the investment banking divisions across North Asia, including Australia, and South Asia. This strategic move is part of the U.S.-based bank's broader global restructuring efforts.
Jan Metzger, who previously led Capital Markets and Advisory for Asia, will now head the investment bank in the newly defined regions. This promotion reflects Citigroup's commitment to strengthening its presence and client services in key Asian markets.
Alongside Metzger's appointment, Kaleem Rizvi has been appointed as the new corporate bank head for both North Asia & Australia and South Asia. Rizvi transitions from his role as the former head of corporate banking in Asia.
K Balasubramanian will take on the leadership for corporate banking in Asia South, indicating a focused approach to regional management within Citigroup's corporate banking sector.
Maintaining continuity in commercial banking operations, Gunjan Kalra continues in her position, managing the commercial banking business throughout these territories.
The restructuring comes amid a series of new appointments within Citigroup's Asia Pacific landscape. The changes were disclosed by an insider with knowledge of the matter. While a Citi spokesperson has not publicly commented on the leadership transitions, the internal source provided a clear view of the bank's strategy to realign its management structure in one of the world's most dynamic financial regions.
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