Citi Announces New China Country Officer
(2 February 2024 – China) Citigroup has named Luke Lu as new country officer and head of banking for China amid an ongoing global restructuring to streamline operations.
Lu will oversee the bank’s Chinese businesses and maintain client relationships and regulatory commitments in the country. He will succeed Christine Lam, who is retiring from Citi. Lu will also assume the position of president and board director of Citibank (China).
Lu previously led Citi’s corporate banking coverage of large local corporate clients. Gunjan Kalra will continue to lead commercial banking in North Asia and Australia, and South Asia. Kaleem Rizvi will head corporate banking for North Asia and Australia, while K. Balasubramanian will do the same for South Asia.
“The China market is a strategic priority for Citi, where we have a market-leading banking business that we are committed to” commented Citi Cluster Head of North Asia and Australia Angel Ng.
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