American banking major Citi has named Kevin Lam as head of its Asia Pacific business development between its private bank and corporate and investment bank.
Lam will be responsible to further develop the strong partnership between Citi’s private bank and corporate and investment bank across Asia Pacific.
He will report to Asia Pacific head of corporate and investment banking Mark Slaughter, and Citi Private Bank Asia Pacific CEO Bassam Salem
Lam joined the bank in 2001, and served in Hong Kong and New York in various positions in corporate and investment banking, treasury and trade solutions and the private bank.
Lam, who was appointed as COO of Hong Kong corporate and investment banking in January 2012, will also continue with his existing role.
Commenting on the appointment, Slaughter said: “Citi banks over one third of the region’s billionaires and a priority is to ensure they are using Citi’s products across our Institutional platform, like our corporate and investment bank clients. Kevin’s background and experience make him ideally placed to lead this important growth area for Citi’s Corporate and Investment Bank in Asia Pacific.”
Salem said: “Private bank clients are already well connected to Citi’s wider institutional business in the region but we have room for further growth opportunities to support our clients’ needs. This is an important strategic objective to grow share of mind and wallet with our private bank clients and I look forward to Kevin’s leadership in achieving this growth.”