Citi Commercial Bank

Cheng brings 30 years of banking experience to the role.

The bank’s winding down of its consumer banking business is a positive.

Kalra has been APAC head of corporate sales and solutions since 2021.

Singapore’s UHNW clients’ spending outpaced pre-pandemic spending by 56%.

Majority of the hires will be from China, Hong Kong, India, and Singapore.

The desk opens Singapore to mid-sized Chinese firms seeking to penetrate ASEAN.

Clients will be able to access advice about local operating and regulatory environments, amongst others.

Citi Australia’s senior management and about 800 employees are expected to join NAB.

About 750 new accounts have been opened in four APAC markets through the new portal.