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US-headquartered bank Citi has appointed Lee Lung Nien as its country officer and banking head for Singapore, the first Singaporean in 50 years to hold the bank’s most senior position in the city-state.
Lung takes over from Tibor Pandi, who departs after spending eight years in Asia making significant contributions to the firm in Thailand and Singapore as country officer and banking head since 2017. Throughout his tenure, Pandi has actively engaged with external stakeholders, strengthening the bank’s brand, reputation and relationships with clients and regulators alike. With the change, he will explore other opportunities within the firm.
In his new role, Lung will oversee all ot the bank’s businesses and operations in Singapore, driving franchise performance, managing key client and regulatory relationships, and ensuring a robust risk and control environment. He will report to Amol Gupte, the bank’s head of Asia South and will join the region’s management team.
Lung, a 35-year veteran of the bank, most recently served as chairman of its private bank in South Asia since 2020. His extensive career includes leadership roles, such as CEO of the bank in Malaysia and various senior positions in anti-money laundering, operations, corporate sales and structuring, and markets across Asia, with international experience in London, New York and Malaysia.
His deep client knowledge and interpersonal skills, the bank notes, are expected to further advance the Singapore franchise.
Gupte adds: “A product of the bank’s global talent programme, Lung brings a wealth of multi-market experience and proven leadership, positioning him ideally to lead the Singapore franchise.”
