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.