Citi Announces New Appointments For Senior Positions In Global Banking And Public Sector

Citi has announced senior management appointments designed to better meet clients needs in Asia Pacific and provide them with greater access to the firm's global network and product suite. Mark Renton has been appointed global co Head of Public Sector

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Citi has announced senior management appointments designed to better meet clients needs in Asia Pacific and provide them with greater access to the firm’s global network and product suite.

Mark Renton has been appointed global co-Head of Public Sector Group. Renton will continue to be based in Hong Kong and will remain a member of Citi’s executive committee in Asia Pacific. He will report to Alberto Verme and Raymond McGuire, co-heads of Global Banking.

“Our focus on public sector coverage has never been so important as governments around the world seek advice and support for their actions to strengthen the global economy,” says Alberto Verme, co-head global banking. “Mark has excellent client relationships and is a great addition to our management team.”

Renton, who has been at Citi for over 20-years, was formerly Head of Investment Banking in Asia Pacific. Prior to this role, he was based in New York and headed Citi’s Energy Group in North America, overseeing new business development and client coverage in the energy sector.

Farhan Faruqui has been appointed head of Global Banking, Asia Pacific. Faruqui will report to Ajay Banga, CEO Citi Asia Pacific and also to Alberto Verme and Raymond McGuire.

Global Banking fully integrates Citi’s leading corporate and investment bank in Asia Pacific including Japan, and will be responsible for the coverage of its largest institutional clients, delivering a full suite of world-class corporate banking, lending, capital markets and advisory expertise.

“Farhan is highly respected in the industry with excellent client relationships across the region. Under his leadership, our priority is to ensure we are as effective and responsive as possible to our clients, who now more than ever, are looking to us for the right advice and service in these turbulent markets,” says Ajay Banga.

Faruqui is an 18-year Citi veteran who has held senior country management and regional product roles in Europe, Africa and Asia Pacific. He was formerly Head of Asia Pacific Corporate & Commercial Bank. Prior to this role he headed Citi’s market-leading Fixed Income Capital Markets business in Asia Pacific. Prior to moving to Hong Kong in 2005, Faruqui was Regional Corporate Banking Head for Central Europe and the Citi Country Officer for the Czech Republic. Faruqui remains a member of Citi’s executive committee in Asia Pacific.

“Our Global Banking structure gives us a single, unified coverage force that can deliver to our clients the best thinking, products and services in the industry,” says Albert Verme. “Farhan brings a wealth of experience and expertise to this important leadership role and towards our goal to build a global client-focused, market-leading business.”

The new appointments are effective immediately.

D.C.

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