(Reuters) – Citigroup (NYSE:) has appointed Jeff Wu as Head of Markets Gross sales for China, efficient instantly, aiming to unify its gross sales efforts throughout all its market merchandise within the nation, based on an inside memo seen by Reuters on Monday.
The appointment would unite Citi’s offshore and onshore groups for the primary time and underscores the financial institution’s dedication to China, an organization spokesperson mentioned, confirming the contents of the memo.
Wu, who joined the Wall Avenue financial institution in 2010, will relocate to Shanghai for the brand new position, the memo mentioned.
He beforehand led Citi’s China Options gross sales crew the place he discovered synergies between the U.S. financial institution’s monetary establishments and company options companies within the nation, based on the memo.
Citi additionally appointed Jing Li, who will report back to Wu, to guide its gross sales efforts throughout all market merchandise for monetary establishments in China, the memo mentioned.
The gross sales crew for company purchasers in China will report back to Wu and Yoshiyuki Takano.
