4/3/2024 0 Comments Citi global data indexIt also said it was exiting its consumer franchises in 13 markets including Australia, China, India, Korea, Poland, Russia and Taiwan.Īs we approach the end of H1 2022 SRP looks at trends in the global market in terms of issuance, sales and outstanding notional. He played a role in arrangement of issuing ESG-linked principal protected notes, which was set to take place by mid-2021 but was scratched due to the retail exit.Ĭiti announced in early 2021 that it was ‘doubling down on wealth’ and focusing its presence in Asia and Emea on four wealth centres - Singapore, Hong Kong, the UAE and London. In his new role, Kessel reports to Mark Mills, Emea regional investment head, wealth management and Susan Shakespeare, head of UK consumer and Emea international personal bank at Citi, SRP has learned.ĭuring his three years at Citibank Korea, Kessel managed deposits, investments, advisory and insurance divisions in addition to structured products featuring equity-linked securities. Gidon Kessel, head of wealth management at Citibank Korea, has relocated to London to take a new position as head of investment and product at Citibank UK as the Korean arm winds down its retail business along with 12 other Asian markets for Citi. Position changes at Citi, global issuance volumes and fines in the US all featured in the headlines in the past week.
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