HONG KONG SAR – Media OutReach Newswire – February 19, 2024 – Citi today announced the appointment of Joy Cheng as Head of Citi Commercial Bank (CCB) for Hong Kong, effective February 1, 2024. She succeeds Anson Kwok who retired on January 1, 2024. .
In this role, Joy oversees CCB’s business and operations in Hong Kong and is responsible for the company’s growth and financial performance. She reports to Gunjan Kalra, head of Citi Commercial Bank for the Asia North, Australia and Asia South clusters, and Aveline San, CEO and head of banking for Citi Hong Kong and Macau.
Joy brings over 30 years of experience in the banking industry across various roles. She began her career as a senior associate at Citi and held several senior roles in the corporate banking industry. She was most recently Head of Corporate Banking in Hong Kong, a position she has held since 2019, where she was responsible for managing high-profile institutional clients including corporates, public sector organisations, financial institutions and local subsidiaries of multinational companies. In the past, she has held other leadership roles including Head of Financial Institutions for Hong Kong and Head of Asia Pacific Multinational Coverage for the Financial Institutions Group.
CCB is an integral part of Citi’s global strategy and a key driver of growth. It focuses on providing Citi’s competitive suite of products, including treasury and liquidity management, foreign exchange, trade finance, capital markets and lending solutions, among others, to corporate clients. mid-sized companies that are either global or looking to develop an international presence.
“Hong Kong is one of the largest global markets in terms of revenue streams for Citi Commercial Bank. We have gained considerable market share in Hong Kong over the past few years, working closely with mid-sized companies in healthcare, technology, industrial, consumer and “, said Gunjan Kalra.
Citi is also working to seize emerging opportunities in the Greater Bay Area (GBA), as entrepreneurship and wealth creation thrive there. Citi’s global network and strong presence across geographies is becoming increasingly relevant to these fast-growing mid-sized businesses in Britain, which are globalizing at a record pace.
“We are well positioned to support Greater Bay Area businesses with cross-border banking needs, helping them enter new markets and expand internationally,” said Aveline San. “Joy’s strong background in business banking will be invaluable as we support commercial banking clients in the next phase of their growth journey.”
In Asia, CCB serves customers in 11 markets, including Australia, Mainland China, Hong Kong, India, Indonesia, Malaysia, Singapore, South Korea, Taiwan, Thailand and Vietnam.
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