Jan 13 (Reuters) - Citigroup ( C/PN ) has appointed Jeff Wu
as Head of Markets Sales for China, effective immediately,
aiming to unify its sales efforts across all its market products
in the country, according to an internal memo seen by Reuters on
Monday.
The appointment would unite Citi's offshore and onshore
teams for the first time and underscores the bank's commitment
to China, a company spokesperson said, confirming the contents
of the memo.
Wu, who joined the Wall Street bank in 2010, will relocate
to Shanghai for the new role, the memo said.
He previously led Citi's China Solutions sales team where he
found synergies between the U.S. bank's financial institutions
and corporate solutions businesses in the country, according to
the memo.
Citi also appointed Jing Li, who will report to Wu, to lead
its sales efforts across all market products for financial
institutions in China, the memo said.
The sales team for corporate clients in China will report to
Wu and Yoshiyuki Takano.