UOB Group to acquire Citigroup’s consumer business in Indonesia, Malaysia, Thailand and Vietnam

UOB deputy chairman and chief executive officer Wee Ee Cheong

KUALA LUMPUR: United Overseas Bank Limited (UOB)’s subsidiaries have entered into agreements to acquire Citigroup’s consumer banking businesses in Indonesia, Malaysia, Thailand and Vietnam.

As part of the proposed acquisition, UOB intends to bring onboard the employees in the consumer business.