Citi Appoints China Country Officer and Banking Head
A 30-year banking veteran will rejoin Citi as its country officer and banking head for China.
Citi has appointed Wenjie Zhang as country officer & banking head for China as well as president and executive director of Citibank (China) Co., Ltd., according to a statement, subject to regulatory approvals. Based in Shanghai, he will report to Marc Luet, head of Japan, Asia North and Australia and banking.
Zhang is tasked with acting as the lead Citi representative and the single, coordinated face in the mainland China market, leading the team to deliver the bank's network to clients, and foster strong regulatory relationships and robust risk control.
Zhang has 30 years of corporate and institutional banking experience, most recently as president of China and Shanghai branch manager for Bank of America China. He will rejoin Citi in July 2025 after a prior stint with the US lender. He also previously worked at J.P. Morgan and Credit Agricole CIB after starting his career in Sinochem Group's finance and treasury function.
123-Year History
Citi first formed its business in China in 1902 and was among the first global banks to incorporate locally in 2007. Today, it supports Chinese corporates, global multinationals and mid-sized companies. Citi will also continue to pursue the establishment of a wholly-owned onshore securities and futures company in mainland China.
«China is one of the largest markets for Citi globally, and we have been serving our corporate and institutional clients here for 123 years,» commented Luet. «Wenjie’s depth and breadth of experience and on-ground expertise and knowledge will enhance our growth in this important market as we continue to support our clients’ cross-border banking needs.»
