Posted inPeople Moves

Citi promotes head of Apac for global WM role

Angel Ng was Citi CEO for Hong Kong and Macau before her promotion.
Angel Ng, Citi

In her new role, Ng heads the Asia Pacific division of Citi Group’s global wealth management business, a Citi spokesperson told FSA.  

She continues to be based in Hong Kong and reports to Peter Babej, Asia Pacific CEO, and Jim O’Donnell, CEO of global wealth management.

“With [Ng’s] leadership our wealth business will deliver the full capabilities of our global network to support our clients’ needs and ambitions,” said Peter Babej, Asia Pacific CEO.

In her new job, Ng manages the bank’s growth strategy across the region centered around the wealth management hubs in Hong Kong and Singapore, and also lead Citi’s personal banking franchises in Hong Kong and Singapore, including retail banking, cards and loans.

Angel takes over from Fabio Fontainha and Steven Lo, formerly co-heads of global wealth management for Apac, who have moved into new positions.

Fontainha is now global head of Citigold and Citigold Private Client, while Lo has taken on the role of head of Citi Private Bank for Apac.

Ng joined Citi Hong Kong in 1998 and has held several positions within the bank across wealth management. She was appointed head of consumer banking for Hong Kong in 2015 and CEO for Hong Kong and Macau in 2018.

The US private bank announced the formation of Citi Global Wealth in 2021, and the division reached more than $2.5bn in revenue in the region and aims to reach $150bn in client assets by 2025.

Part of the Mark Allen Group.