Brendan Carney, Citibank Singapore & Global Consumer Banking ASEAN

Brendan Carney, Citibank Singapore & Global Consumer Banking ASEAN

2704_MDT_735

27 April 2021
Citibank to exit retail banking in 13 markets across Asia, Europe but Singapore unaffected
It was announced that American banking giant Citigroup will exit 13 international consumer banking markets, shifting its focus to wealth management and away from retail banking in places where it is small. Citigroup will focus its global consumer banking business on four markets: Singapore, Hong Kong, London and the United Arab Emirates. Brendan Carney, CEO, Citibank Singapore & Global Consumer Banking ASEAN Cluster Head shares the reasoning behind Citi's exit from 13 international consumer banking markets and their need to change up its business strategy.

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