HONG KONG— Citigroup Inc. has named a brand new head of wealth administration for Asia Pacific, because the New York-based financial institution continues its strategic pivot towards serving prosperous shoppers within the area.
Angel Ng, at present chief government for Hong Kong and Macau, has been appointed as head of Asia Pacific for world wealth administration, in response to an inside memo considered by The Wall Road Journal. The unit was created early final yr by combining the non-public financial institution that focused ultrarich people and the consumer-wealth operation that was managed by the retail financial institution, and was certainly one of Chief Government Jane Fraser’s main initiatives to reshape Citigroup.
