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People Moves: Citi makes Asia wealth Management appointments

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Citi Private bank has made two Singapore-based senior appointments effective October 1, including the creation of a new role, to further support both existing and new clients.

San San Chan has been appointed Asia Pacific and EMEA Citigold Private Client (CPC) business head, a newly created role to drive the execution of regional sales and advisory strategies for the CPC segment, which caters to customers with $1 million to $10 million in investable assets. Chan, who joined Citi in 2003, is currently head of Wealth Management and Segments, and acting Retail Banking head, for Citibank Singapore.

The bank also named Ashmita Acharya  as head of Retail Banking for Citibank Singapore, a role in which she will support Citi Singapore’s plans to double Wealth Management clients by 2025. 

The appointments indicate a gradual shakeup of the once male-dominated field:

In a world in which women control more and more private wealth, both directly and indirectly, the wealth management industry globally acknowledges its approach to female clients and the prominence of women in key roles in private banks and asset management needs to radically change. If the industry is able of sieze the huge opportunity of female controlled wealth in the coming decade..

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