(Reuters) – Citigroup 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.
(Reporting by Selena Li and Bipasha Dey; Editing by Savio D’Souza)
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