Citi today reaffirmed its commitment to the company’s global franchise
with the appointment of new regional leaders in Asia Pacific and EMEA
(Europe, Middle East and Africa). The following appointments are
effective immediately:
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Shengman Zhang as Chairman of Asia Pacific
-
Stephen Bird and Shirish Apte as Chief Executive Officers of Asia
Pacific
-
Bill Mills and Alberto Verme as Chief Executive Officers of EMEA
“In each of the 104 countries where we operate and the dozens more where
we do business, our clients and customers deeply value our unique
capabilities and global perspectives,” said Citi Chief Executive Officer
Vikram Pandit. “In appointing these talented executives to drive our
business in Asia and EMEA, I am reaffirming Citi’s commitment to these
markets and to helping our clients and customers execute on growth
opportunities around the world.”
In Asia Pacific, Mr. Zhang will be responsible for forging and expanding
relationships with clients, regulators, government officials and
employees across the region. As CEOs, Mr. Bird will be responsible for
Northern Asia and Mr. Apte for Southern Asia. The two will have joint
responsibilities for Asia Pacific’s overall performance, strategy and
execution.
In EMEA, Mr. Mills will continue to be responsible for our business in
Western Europe and Africa and Mr. Verme for our business in Central and
Eastern Europe and the Middle East. Mr. Mills and Mr. Verme will be
jointly responsible for performance, strategy, and execution across EMEA.
Background Information:
Mr. Zhang, 52, had previously served as Vice Chairman of Global Banking
and President of Asia Pacific after joining Citi in February 2006 as
Vice Chairman of Global Banking and Chairman of the Public Sector Group.
He possesses extensive experience in the industry, including 10 years
with the World Bank, with four as the Managing Director from 2001 to
2005. In that role, he led the Bank's day-to-day worldwide operations.
Mr. Zhang chaired the Bank's Operations Committee, the Sanctions
Committee, and the Corporate Committee on Fraud and Corruption Policy,
and was the Chairman of the Bank Group's Crisis Management Committee.
Mr. Bird, 42, was most recently Chief Executive Officer for North Asia
and Head of Consumer Banking and Global Cards for Asia Pacific.
