(Reuters) – Citigroup (NYSE:) has appointed Jeff Wu as Head of Markets Product sales for China, environment friendly immediately, aiming to unify its product sales efforts all through all its market merchandise throughout the nation, primarily based on an inside memo seen by Reuters on Monday.
The appointment would unite Citi’s offshore and onshore teams for the first time and underscores the monetary establishment’s dedication to China, a corporation spokesperson talked about, confirming the contents of the memo.
Wu, who joined the Wall Avenue monetary establishment in 2010, will relocate to Shanghai for the model new place, the memo talked about.
He beforehand led Citi’s China Choices product sales crew the place he found synergies between the U.S. monetary establishment’s financial institutions and firm choices firms throughout the nation, primarily based on the memo.
Citi moreover appointed Jing Li, who will report again to Wu, to information its product sales efforts all through all market merchandise for financial institutions in China, the memo talked about.
The product sales crew for firm purchasers in China will report again to Wu and Yoshiyuki Takano.
