OREANDA-NEWS. June 16, 2011. Citibank (China) Co., Ltd. (“Citibank”) announced today the appointment of Simon Chow as Country Business Manager for its China consumer operations. Simon was previously deputy head of Citibank’s consumer business in Hong Kong, and in his new role will be responsible for the sustained growth of Citibank’s consumer business in China. Simon replaces Anand Selva, who has transferred with Citibank to a new role outside of China, and will report to Andrew Au, Chief Executive Officer of Citi China, and Jonathan Larsen, Region Head, Consumer Banking for Asia Pacific. The appointment is subject to regulatory approval.

Andrew Au said, “We are undergoing a period of unprecedented investment in China, and our consumer bank business represents a key element of our plans. I thank Anand Selva for his tremendous contributions over the course of a number of years to our business in China, and I am delighted to welcome Simon to our China franchise. We are confident that Simon’s appointment will see Citibank continue to enjoy success in this vital market.”

Jonathan Larsen said, “Our consumer business in China is performing strongly, driven by a series of significant innovations we have introduced to the market together with our leading wealth management proposition. We are well positioned for continued success in China, and Simon has the right mix of experience and skills to guide Citibank’s ongoing growth in China, which remains one of our priority markets globally.”

Simon Chow said, “I am pleased to be joining the Citibank China team at a time when the business is thriving. I look forward to working with the team as we dedicate ourselves to providing the best available customer service and advice, widening our product offerings, building our brand and increasing our presence around China.”

Simon has played an important role in expanding Citibank’s retail presence in Hong Kong, and prior to his appointment, was the Deputy Country Business Manager in Hong Kong leading both the Retail Banking and Consumer Finance businesses, a role he has held since 2008. Simon commenced his career with Citibank in 1998, in Financial Control, and became Chief Financial Officer of the Consumer Bank in Hong Kong in 2000. In 2003, Simon was appointed head of consumer finance in Hong Kong, before taking on his current role as Deputy Country Business Manager. Simon has held prior roles in finance and operations with UBS Securities, Lehman Brothers and Price Waterhouse.