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For Immediate Release Citigroup Inc. (NYSE: C)

Citi Has Strong Momentum Across Asean Banking

July 17, 2019


Bank has added nearly 30 bankers in last year to support clients

In the last year Citi has added nearly 30 bankers across the Asean Banking, Capital Markets and Advisory (BCMA) team, including three Managing Directors (MDs).

The hires include nine in Thailand, eight in Malaysia, four in Indonesia and six in Vietnam—some of Citi's fastest-growing countries in the Asia Pacific, a region that accounts for around a quarter of Citi's global revenue.

"As Citi increases market share across banking, capital markets and advisory in the Asean region we are investing further in the network. Strong double digit client led growth across Asean banking is underpinning this investment in talent to support our clients. We will continue to add talent where we can add further quality to an already strong bench," said David Biller, Citi's Singapore based BCMA Head for Asean.

The hires include bankers covering local and MNC clients operating across Asean.

"We are seeing growth across local Asean companies increasingly going global. On the inbound global MNCs are increasingly investing in Asean and the supply chain shift through many Asean countries is leading to increased opportunities for Citi's Asean banking network," said Biller. The MDs hired in the last year included Tanapot Parksuwan from HSBC to run Thailand BMCA, Udhay Furtado from Goldman Sachs with a focus on Asean equity origination and Kelvin Goh from Morgan Stanley to head Asia Pacific Insurance client coverage.

Other external hires included Piyarut Rungunyamanee from Deutsche Bank Bangkok, Siti Sara Mohd Amran from CIMB Malaysia, Adeline Wijayanti from HSBC Indonesia and Ngoc Ly from HSBC Vietnam. In July the bank advised Ascott Reit on its planned US$5.6 billion merger with Ascendas Hospitality Trust. Citi is acting as sole financial advisor to Ascott Reit in connection to the transaction, representing the third REIT merger and fourth trust scheme of arrangement in Singapore to date. Citi has advised on all of these transactions.

In the last year highlights also include advising on Holcim's sales in Indonesia and Philippines, leading the US$1.3 billion Vinhomes IPO and Malaysia's first CB for TopGlove. In the debt markets Citi led new benchmarks for the Republic's of Indonesia and the Philippines

Citi, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management.

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