Lee Lung Nien will report to Citi’s head of Asean Michael Zink

IFM Correspondent

October 8, 2014: Citigroup has appointed Lee Lung Nien as the new CEO of its wholly owned unit Citibank Bhd. Lee will have overall responsibility for Citi’s franchise in Malaysia, including its institutional clients group, and the consumer banking, cards and wealth management businesses.

Lee will report to Citi’s head of Asean, Michael Zink.

“Malaysia is a strategic market for Citi. As we look to deepen our presence in the country, we are pleased to appoint a 24-year Citi veteran to head our business. Lung’s extensive industry and management experience coupled with his thorough understanding of the local market will be instrumental in driving our ambitions and plans to build an even stronger and sustainable Citi franchise for the benefit of our clients,” Zink said.