Posted inPeople Moves

Citi appoints new HK commercial bank head

Joy Cheng has been promoted to the job following her predecessor's retirement.

Citi has announced the appointment of Joy Cheng as head of Citi Commercial Bank (CCB) for Hong Kong, effective 1 February 2024. 

She succeeds Anson Kwok, who retired on 1 January 2024.

In this role, Cheng has oversight of the CCB business and operations in Hong Kong and is responsible for driving the business’ growth as well as financial performance, according to a statement by the US bank.

She reports to Gunjan Kalra, head of Citi Commercial Bank for Asia North, Australia & Asia South clusters, and Aveline San, CEO and head of banking for Citi Hong Kong & Macau.

Cheng has over 30 years of experience in the banking industry across different roles. She began her career as a management associate at Citi and has held several senior roles in corporate banking. She was most recently head of corporate Banking for Hong Kong, a position she has held since 2019, where she was responsible for managing top-tier institutional clients, including corporates, public sector organizations, financial institutions, and local subsidiaries of multinational companies.

In the past, she held other senior roles including head of financial institutions for Hong Kong and head of Asia Pacific multinational coverage for the financial institutions group.

“Hong Kong is one of the largest markets by flow revenue for Citi Commercial Bank globally. We have gained considerable market share in Hong Kong over the past few years, working closely with mid-sized corporates in the healthcare, technology, industrials, consumer & retail, and services sectors,” said Gunjan Kalra in the statement.

In Asia, CCB serves clients in 11 markets, including Australia, mainland China, Hong Kong, India, Indonesia, Malaysia, Singapore, South Korea, Taiwan, Thailand and Vietnam.

Citi says that it is also focussed on capturing the emerging opportunities in the Greater Bay Area as wealth creation and entrepreneurship grows.

“[Cheng’s] strong background in corporate banking will be invaluable as we support commercial bank clients on the next phase of their growth journeys,” said San.

Part of the Mark Allen Group.