On January 31st, Citigroup announced the appointment of Lu Xuan as the President of Citigroup China, who will lead Citigroup China's business development and operational management, promote customer business strategic relationships, and oversee compliance. Lu Xuan also serves as the President and Director of Citigroup China.
It is reported that Lu Xuan is a veteran of Citigroup and has 25 years of banking experience in Hong Kong and mainland China. He joined Citigroup in Shanghai in 2002 and held important positions in both the Corporate Banking and Commercial Banking departments. "Lu Xuan has achieved outstanding results in business expansion, customer service, and insight into the local market. The Chinese market is Citigroup's strategic focus, and we have a leading corporate banking business in the local market, which will further expand our business in China. Lu Xuan is very competent in this leadership role," said Wu Yanyi, Citigroup's President for North Asia and Australia.