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Citi names new APAC wealth management head

US banking major Citi has appointed Angel Ng as head of Asia Pacific global wealth management, according to a statement, reporting to APAC chief executive Peter Babej and global wealth management CEO Jim O’Donnell. Ng will continue to be based in Hong Kong and in her new role will be responsible for Citi’s growth strategy in the region centered on the Hong Kong and Singapore wealth management hubs. Ng will also lead Citi’s personal banking franchise in Hong Kong and Singapore across retail banking, cards and loans. She replaces Fabio Fontainha and Steven Lo, the previous co-heads of the Asia Pacific wealth business who have both shifted to new jobs within Citi.

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