Yeo Wenxian appointed as head of wealth for Asia South by Citi
Citigroup Wealth Management has made a major move in the Asian financial landscape with the recent appointment of Yeo Wenxian as the head of wealth for Asia South. This announcement, made on August 6, marks a significant development in Citi’s strategy to strengthen its position in the wealth management sector in the region.
Yeo Wenxian, a Singaporean executive, is a seasoned professional with a wealth of experience in the financial industry. She is also poised to take on the role of Citibank Singapore’s chief executive officer pending regulatory approval. With her new position, Yeo will report directly to Citi’s head of wealth, Andy Sieg, and will be an integral part of the global leadership team.
In her new capacity, Yeo will be responsible for overseeing Citi’s retail onshore and offshore wealth management operations. This includes managing the Citigold, Citigold Private Client, and Cards businesses in Asia South and the United Arab Emirates. Notably, the minimum assets under management for Citigold and Citigold Private Client are set at 0,000 and .5 million, respectively.
This strategic appointment comes at a pivotal time for Citi as the bank aims to strengthen its presence in the rapidly growing wealth management sector in Asia South. The move underscores Citi’s commitment to expanding its footprint in one of the fastest-growing wealth clusters globally.
Yeo Wenxian brings with her a wealth of experience, having spent 13 years at DBS where she held various key positions. Most recently, she served as the head of DBS Treasures Singapore, overseeing both onshore and offshore businesses and clients. Prior to that, she held the position of Singapore chief operating officer and was a member of the strategic advisory team within DBS’s institutional banking group.
Yeo’s professional journey began in 2000 when she started her career at JPMorgan’s investment banking division after graduating from Brown University. Her diverse and rich experience in the financial industry makes her a valuable addition to Citi’s wealth management team in Asia South.
As Citi continues to expand its wealth management operations in the region, Yeo Wenxian’s appointment is poised to bring a fresh perspective and strategic direction to the bank’s business in Asia South. With her proven track record and leadership skills, she is well-positioned to drive growth and innovation in Citi’s wealth management business in the region.
In conclusion, Citi’s appointment of Yeo Wenxian as the head of wealth for Asia South signals a new chapter in the bank’s growth strategy in the Asia Pacific region. With her extensive experience and expertise in wealth management, Yeo is set to play a pivotal role in shaping Citi’s wealth management business and driving its success in Asia South. This move reaffirms Citi’s commitment to strengthening its position in the competitive and rapidly evolving wealth management landscape in the region.
