Citibank Singapore names its new CEO

Citibank Singapore has named Brendan Carney as the CEO of Citibank Singapore, and ASEAN cluster head of its global consumer banking (GCB) division, with effect from May 16.

Brendan replaces former Citibank Singapore CEO, Han Kwee Juan, who has moved to DBS as group head of strategy and planning.

In his new role, Brendan will look after the consumer business for Citibank Singapore and be responsible for the leadership of the consumer franchise within the ASEAN cluster, which includes Singapore, Indonesia, Malaysia, the Philippines, Thailand and Vietnam, but excludes Citi's International Personal Bank (IPB).

Citi's IPB is a business unit of Citibank Singapore that specializes in offshore investment and wealth management products to HNIs based out of Singapore.

Brendan will report to Gonzalo Luchetti, head of consumer banking for Asia Pacific and EMEA, as well as Amol Gupte, ASEAN head and Citi country officer (CCO) for Singapore.

In a media statement Gonzalo Luchetti stated, “With a strong track record in managing and transforming consumer businesses across different markets, Brendan will be a key asset to our business as it evolves for the next stage of our client-led sustainable growth. He will build on the momentum of our digital transformation, establish a strong talent base, and define what it means for us to be the bank of the future."

Prior to this, Brendan, an MBA from the University of Pennsylvania's Wharton School of Business, and a BA in Economics from the University of Michigan, was most recently the consumer business manager for South Korea, a role he has held since July 2015. Before that, he served as consumer business manager and Vice-president of the management board for Citi Handlowy in Poland, and as the CCO and country business manager for Belgium.

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