12 March, 2024: Citi today announced the appointment of Stefan Boisen as Citi New Zealand CEO, subject to local regulatory approval.

Stefan will report to Mark Woodruff, Head of Citi's Australia and New Zealand Sub-Cluster. Stefan succeeds Derek Syme, who retired at the end of 2023.

Stefan will be responsible for driving Citi's strategy in New Zealand. This includes serving as a trusted partner to Citi's clients, maintaining a strong risk and control environment and fostering a high-performing, inclusive and supportive culture for the franchise.

Prior to this appointment, Stefan was the Head of Corporate Bank for Citi New Zealand and has been an integral member of the New Zealand team for over ten years.

Commenting on the appointment, Mark Woodruff said "I am delighted that we have been able to appoint local Citi New Zealand talent to this role. New Zealand is an important growth market for Citi, and I am confident Stefan will lead the team in New Zealand with excellence as they continue to provide exceptional support to our clients and maintain the ambitious growth trajectory of the business."

Stefan added, "It is a privilege to step into this role as Citi New Zealand celebrates 50 years of servicing clients in New Zealand. As one of the few full service institutional businesses in New Zealand Citi has a strong and unique client offering. I look forward to working with our New Zealand clients, using our extensive global network to support their growth strategies and ambitions."