Citi has appointed Luke Lu as country officer and head of banking for China. He has also been named president and board director of Citibank (China).
In the role, Lu will oversee the firm’s businesses and operations in the region, maintain client relationships and ensure that regulatory commitments are met. He replaces Christine Lam, and will report to Angel Ng, head of Asia North and Australia cluster and banking.
Lu has more than 20 years of industry experience, most recently serving as managing director and head of China corporate banking.
The bulk of his career has been spent with the company, where he held various positions between 2002 and 2017 and from 2019 to present. These include managing director and head of corporate banking for East China, general manager of the Shanghai branch and, most recently, managing director and head of technology, media and telecom for the China corporate bank.
In the intervening years, Lu spent two years at MUFG, where he held a number of roles including deputy head of the global corporate bank in East Asia. He was also general manager of the China business division for the company’s China outpost.
Commenting on the appointment, Ng says: “The China market is a strategic priority for Citi. Luke has a strong track record of delivering business growth, having knowledge and unique insight of the China market. He is well-qualified to grow our business [there].”
She adds: “I would like to thank Christine for her leadership of the Citi China franchise in the past seven years.”
