Citi Australia has recruited internally for the newly created role of client director in its wealth business.
Kan Liu has taken the role, where he will be held responsible for managing Citi’s top high-net-worth clients.
Mr Liu has worked in banking roles at Citi for 10 years, specialising in fixed income and foreign exchange solutions.
Gofran Chowdhury, head of banking and wealth management distribution at Citi, commented: “The experience of 2020 highlighted that we need to work more closely with clients than ever before, as we navigate unprecedented events and ensure their wealth is both protected and enhanced.
“In his new role, Kan will help us deliver on this objective.”
The appointment comes after Citi reported its retail bank’s fixed income assets under management grew by 30 per cent in 2020, while overall investment transactions were up by 10 per cent despite the headwinds that came with COVID-19.
“We are proud to be growing our wealth management business at a time when many companies are focused on rebuilding following COVID-19 and other wealth managers are facing a period of uncertainty,” Mr Chowdhury said.