The Straits Times - - BUSINESS -

Citi last Fri­day said that it has ap­pointed Mr Gon­zalo Luchetti as head of con­sumer bank­ing for Asia-Pa­cific and EMEA (Europe, the Mid­dle East and Africa) – the 17 mar­kets that col­lec­tively con­trib­ute to 27 per cent of Citi’s global con­sumer bank­ing profit.

He re­places Mr Anand Sel­vake­sari, who will be the new head of US con­sumer bank­ing, a spokesman told The Busi­ness Times.

Mr Luchetti will man­age the 12 mar­kets where Citi of­fers re­tail bank­ing, wealth man­age­ment and credit cards in Asia-Pa­cific, along with the five EMEA mar­kets – Poland, Rus­sia, the United King­dom, the United Arab Emi­rates and Bahrain. His last po­si­tion was re­tail bank head for Asia-Pa­cific and EMEA – a role he had held from 2015.

In a me­dia state­ment, Mr Fran­cisco Aris­tegui­eta, CEO Asia-Pa­cific, said: “We are ex­tremely well po­si­tioned in Asia in terms of tal­ent, ex­e­cu­tion, value propo­si­tions and client ex­pe­ri­ence to con­tinue driv­ing sus­tain­able client-led growth.

“Gon­zalo will en­sure con­ti­nu­ity and de­liver strong lead­er­ship as we ac­cel­er­ate the trans­for­ma­tion of our busi­ness model, con­tinue to drive digi­ti­sa­tion and build fur­ther scale through part­ner­ships and ecosys­tems to be the best for our clients.”

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