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Citibank (Hong Kong)

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Citibank (Hong Kong) Limited
花旗銀行（香港）
Company typeSubsidiary
IndustryBanking, financial services
Founded1902; 122 years ago (1902)[1]
HeadquartersCiti Tower, One Bay East, No. 83 Hoi Bun Road, Kwun Tong, Kowloon[2],
Hong Kong
Area served
Hong Kong
ProductsCredit cards
Retail banking
Commercial banking
Investment banking
Private banking
Financial analysis
Increase HKD7.8 billion (2018)[3]
Increase HKD3.0 billion (2018)[3]
Total assetsIncrease HKD224 billion (2018)[3]
Total equityIncrease HKD23 billion (2018)[3]
ParentCitigroup
Websitewww.citibank.com.hk

Citibank (Hong Kong) Limited (Chinese: 花旗銀行; Cantonese Yale: Fākèih Ngàhnhòhng; formerly 萬國寶通銀行; Maahngwok Bóutūng Ngàhnhòhng) is the division of Citigroup that operates in Hong Kong Island, Kowloon and New Territories. It has 15 branches for operating retail banking. Citibank (Hong Kong)'s address of the principal place of business is Citi Tower, One Bay East, No. 83 Hoi Bun Road, Kwun Tong, Kowloon.[2] However, Citibank, N.A. Hong Kong branch office is located on the 50th floor of Champion Tower, 3 Garden Road, Central, Hong Kong which doesn't operate retail banking.[4]

History

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Citibank, N.A. Hong Kong branch office is located on the 50th floor of Champion Tower, 3 Garden Road, Central, Hong Kong
Citibank (Hong Kong) Mong Kok Branch

Citibank began operations in Hong Kong in 1902, the first US bank in the city and the first foreign bank in China.

Leadership history

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  • Regional Chief Executive: Peter Babej (since October 2019)[5]
  • Country Chief Executive: Aveline San (since August 2022)[6]

Former Regional Chief Executives

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The region-wide Chief Executive role was founded in 2008 and is based in Hong Kong.[7]

  1. Ajay Banga (2008–2009)
  1. Shirish Apte and Stephen Bird (2009–2012)[8]
  1. Stephen Bird (2012–2015)[9]
  1. Francisco Aristeguieta (2015–2019)

Former Hong Kong and Macau Chief Executive Officers

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List since the formation of the Hong Kong division in 1998.

  1. Chan Tze-ching (1999–2003)[10]
  2. Catherine Weir (2003–2004)
  3. Chan Tze-ching (2005–2007); second term[10]
  4. Sim S Lim (2007–2008)
  5. Shengman Zhang (2008–2013)[11]
  6. Weber Lo (2013–2018)[12]
  7. Angel Ng (2018–2022)[13]

See also

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References

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  1. ^ "HONG KONG SAR". Citigroup.
  2. ^ a b "CITIBANK (HONG KONG) LIMITED Basic Information". Hong Kong Monetary Authority.
  3. ^ a b c d Citi HK 2018 Annual Report
  4. ^ "CITIBANK, N.A. Basic Information". Hong Kong Monetary Authority.
  5. ^ Bray, Chad (17 October 2019). "Citigroup promotes Peter Babej to Asia-Pacific chief executive to head its most lucrative region outside North America". South China Morning Post. Archived from the original on 17 October 2019.
  6. ^ "Citi appoints Aveline San as Hong Kong and Macau chief executive". The Standard. 17 August 2022.
  7. ^ Munroe, Tony (18 August 2008), "Citigroup's new Asia CEO reorganizes by region", Reuters, archived from the original on 18 September 2019
  8. ^ "Shirish Apte named Citi CEO for Asia-Pacific". Deccan Herald. 7 July 2009.
  9. ^ "Citi reshuffles Asia-Pacific management -memo". Reuters. 8 February 2012. Archived from the original on 28 January 2021.
  10. ^ a b Kwok, Ben (22 February 2007). "Career banker Chan quits Citigroup". South China Morning Post. Archived from the original on 11 April 2018.
  11. ^ Inman, Daniel (9 July 2008). "Citi names new country officer for Hong Kong". FinanceAsia. Archived from the original on 27 October 2020.
  12. ^ Walker, Rupert (23 November 2012). "Citi appoints Weber Lo as Hong Kong chief". FinanceAsia. Archived from the original on 20 October 2020.
  13. ^ Yang, Jing (11 April 2022). "Citi Names Angel Ng as Head of Asia Pacific for Global Wealth Management". The Wall Street Journal.
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