- Shyam Sambamurthy appointed to head business from Singapore
- 260,000 clients have $60 billion of assets under management
Citigroup Inc. named Shyam Sambamurthy as the first global head of its international personal bank business, which focuses on managing the wealth of clients who have assets around the world.
Sambamurthy, a 27-year Citigroup veteran based in Singapore, will oversee a business that has 260,000 clients with more than $60 billion of assets under management, the bank said in a press release on Tuesday. He was previously business manager in Singapore for the personal bank.
Sambamurthy will report to Anand Selvakesari, the head of consumer banking for Asia Pacific, and Gonzalo Luchetti, who is the lender’s global head of wealth management and its Asia retail bank head. In July, Citigroup appointed Selvakesari to lead Asia Pacific consumer banking, which generated $7.5 billion of revenue last year, just over half the total for the region.