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Treasury & Capital Markets / On The Move
Citi names commercial bank head for Hong Kong
Joy Cheng has over 30 years of experience in the banking industry
The Asset 19 Feb 2024
Joy Cheng
Joy Cheng

Citi has appointed Joy Cheng as head of Citi Commercial Bank (CCB) for Hong Kong, effective February 1. She succeeds Anson Kwok who retired on January 1.

In her new role, Cheng has oversight of the CCB business and operations in Hong Kong and is responsible for driving the business’ growth and financial performance.

She reports to Gunjan Kalra, head of CCB for Asia North, Australia and Asia South clusters, and Aveline San, chief executive officer and head of banking for Citi Hong Kong and Macau.

Cheng has over 30 years of experience in the banking industry. She began her career as a management associate at Citi and has held several senior roles in corporate banking.

She was most recently head of corporate banking for Hong Kong, a position she has held since 2019, where she was responsible for managing top-tier institutional clients, including corporates, public sector organizations, financial institutions, and local subsidiaries of multinational companies.

In the past, she held other senior roles including head of financial institutions for Hong Kong and head of Asia-Pacific multinational coverage for the financial institutions group.

Citi sees CCB as a key engine for growth. It focuses on delivering the bank’s competitive product suite, including cash and liquidity management, foreign exchange, trade finance, capital markets, and lending solutions, among others, to mid-sized corporates that are either global or looking at building an international footprint.

“Hong Kong is one of the largest markets by flow revenue for Citi Commercial Bank globally. We have gained considerable market share in Hong Kong over the past few years, working closely with mid-sized corporates in the healthcare, technology, industrials, consumer and retail, and services sectors,” says Kalra.

Citi is also focused on capturing emerging opportunities in the Greater Bay Area (GBA) as entrepreneurship and wealth creation in the area flourishes. The bank says its global network and strong foothold across geographies is becoming increasingly relevant to fast-growing mid-sized companies in the GBA.

In Asia, CCB serves clients in 11 markets including Australia, mainland China, Hong Kong, India, Indonesia, Malaysia, Singapore, South Korea, Taiwan, Thailand and Vietnam.

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