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Citigroup Asia Pacific executive Faruqui leaves for ANZ

Published on May 14, 2014 9:53 AM

(Reuters) - Farhan Faruqui, one of Citigroup's highest-ranking bankers in Asia, is leaving the company to work for rival Australia and New Zealand Banking Group Ltd .

The departure of Faruqui, a 23-year veteran of the company who heads corporate and investment banking for Asia Pacific, was announced in a Citigroup internal memo dated Tuesday.

On Wednesday, ANZ said Faruqui would take on the role of chief executive officer, international banking, from August. He would be based in Hong Kong, it added.

Faruqui will support ANZ's so-called super regional strategy "by improving connectivity between ANZ's 33 markets", the Melbourne-based bank said in a statement.

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