akphs.blogg.se - Citi consumer bank head global business development

Ms Elaine Fan as Head of Retail and Brand, UOB Malaysia.

To spearhead the expanded retail business in Malaysia and Thailand, UOB has appointed the following senior executives: UOB will continue to focus on ensuring a smooth transition of Citigroup's businesses across the four markets, with the aim of achieving a full system integration over the next 12 to 18 months. Our expanded touchpoints and partner network also enable us to provide a wider range of products, services and benefits to our enlarged customer base.” We are committed to ensuring a seamless migration experience for Citigroup's customers. With the addition of Citigroup talents to our already strong team in both markets, we have the capacity and capabilities to fast-track our regional growth plans. “Today we warmly welcome new colleagues and customers to the UOB family.

The acquisition provides us with increased scale and supports our ambition to be the bank of choice for consumers and businesses in ASEAN. Mr Wee Ee Cheong, Deputy Chairman and Chief Executive Officer (CEO) of UOB, said, “The completion of our acquisition of Citigroup's consumer banking businesses in Malaysia and Thailand is an important milestone as we continue to invest in our regional franchise. Once completed, the acquisition is expected to double UOB's existing retail customer base in the four markets to 5.3 million customers and add 5,000 people to its team strength. The acquisition is part of UOB's strategy to scale up its ASEAN retail business outside of its home market of Singapore. The consumer businesses comprise Citigroup's unsecured and secured lending portfolios, wealth management and retail deposit businesses. Completion of the acquisition for Citigroup's consumer banking businesses in Indonesia and Vietnam is planned for 2023. Singapore, 1 November 2022 – UOB today announced the completion of the acquisition of Citigroup's consumer banking businesses in Malaysia and Thailand.