Lee named CEO of Citibank

PETALING JAYA: Citi group has named Lee Lung Nien (pic) as chief executive officer of its unit Citibank Bhd.

Lee, who will report to Citi’s head of Asean, Michael Zink, will be responsible for the bank’s franchise in Malaysia, including its institutional clients group, consumer banking, cards and wealth management businesses.

“Malaysia is a strategic market for Citi. As we look to deepen our presence in the country, we are pleased to appoint a 24-year Citi veteran to head our business.

“Lee’s extensive industry and management experience coupled with his thorough understanding of the local market will be instrumental in driving our ambitions and plans to build an even stronger and sustainable Citi franchise for the benefit of our clients,” Zink said in a statement.

Lee has had 24 years of experience within the Citi group, including regional AML business head based in Malaysia, chief operating officer for Citi Singapore as well as head of treasury for Citibank from 2001 to 2004.

Lee first joined Citi in 1990 as a credit analyst in London and then Singapore before moving to the markets division.

Citi has been in Malaysia since 1959 and currently has about 6,400 employees in 11 branches. Citi Malaysia is a market leader in credit cards, holding the largest market share in sales volume (usage) and receivables and a dominant share in wealth management.