Citi has appointed Jaewon Hwang as head of Citi Commercial Bank (CCB) for Korea. In this role, he will be responsible for driving the growth of the CCB business in Korea, have oversight of business operations and financial performance, including fostering key client and regulatory relationships, according to a statement by the US bank.
Hwang will report to MS Yoo, chief country officer, Citi Korea and Gunjan Kalra, head of Citi Commercial Bank for Japan, Asia North, Australia & Asia South clusters.
Hwang has over 23 years of corporate banking experience. As a parent account manager for a major corporation in Korea and as head of the top-tier local corporate (TTLC) division, he has been instrumental in driving the overall growth of Citi’s Corporate Banking business through effective credit exposure and capital management, as well as the diversification of products and services.
Hwang joined Citi Korea in 2001 as a management associate and has since held various roles, including business development officer at Middle Markets Group in Los Angeles and head of the Korea desk for North America and Latin America in New York.
“We are seeing an increasing trend of Korean companies going global and expanding their business in other regions. Through Citi’s global network and strong knowledge of local markets, we are well placed to support fast growing Korean mid-sized corporates with their global and regional aspirations. I am confident that under Jaewon’s leadership, our business will continue to gain momentum,” said Kalra.
