Citi names Lee Lung-Nien as Singapore country head; first local to hold role in 50 years
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Mr Lee Lung-Nien has been with Citi for 35 years and currently serves as chairman of Citi Private Bank for South Asia.
PHOTO: CITI
Therese Soh
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SINGAPORE - Citi has appointed Mr Lee Lung-Nien as its Singapore country officer and banking head – its most senior position in the city state.
He will assume the role on Oct 6 and replace incumbent Tibor Pandi, who will move on to “explore other opportunities within the firm”, Citi said.
Mr Lee’s appointment marks the first time in 50 years that a Singaporean will serve in the bank’s most senior role for the Singapore market, Citi said on Sept 15.
A banking veteran, Mr Lee has been with Citi for 35 years.
He currently serves as chairman of Citi Private Bank for South Asia, having been appointed to the role in 2020.
Mr Pandi has served as the bank’s country officer and banking head for Singapore since February 2023. Before that, he was its country officer for Thailand as well as Romania, according to his LinkedIn profile.
“Throughout his tenure, Tibor has actively engaged with external stakeholders, strengthening Citi’s brand, reputation and relationships with clients and regulators alike,” the US bank said.
Upon stepping into the new role, Mr Lee will oversee all Citi businesses and operations in Singapore, the bank said.
He will drive franchise performance, manage client and regulatory relationships, and ensure a robust risk and control environment, it added.
Mr Lee will report to Mr Amol Gupte, Citi’s head of Asia South cluster.
Speaking on Mr Lee’s appointment, Mr Gupte remarked that he “brings a wealth of multi-market experience and proven leadership, positioning him ideally to lead the Singapore franchise”.
Throughout his career, Mr Lee has taken on leadership roles, such as that of chief executive of Citibank in Malaysia, Citi said.
He also served in senior positions in areas of anti-money laundering, operations, corporate sales and structuring and markets across Asia, it added.
With international experience from London, New York and Malaysia, Mr Lee’s “deep client knowledge and interpersonal skills are expected to further advance the Singapore franchise”, Citi said. THE BUSINESS TIMES
