Citibank Malaysia has appointed veteran banker Lee Lung Nien as chief executive officer.

Citibank Malaysia has appointed veteran banker Lee Lung Nien as chief executive officer.

In his new role Nien is responsible for institutional clients, the consumer banking arm and cards and wealth management businesses. 

The 24 year Citi veteran will report to Michael Zink, Citi’s head of Asean.

Zink said Malaysia was a strategic market for Citi and it was looking to deepen its presence in the country.

“Lung’s extensive industry and management experience coupled with his thorough understanding of the local market will be instrumental in driving our ambitions and plans to build an even stronger and sustainable Citi franchise for the benefit of our clients,” Zink said.

Lee has held a number of senior management roles in Citi. Prior to his current appointment he was the regional AML business head based in Malaysia.

In 2010, he was chief operating officer for Citi Singapore, leading key initiatives across the Singapore franchise. He also served as head of treasury for Citibank Bhd from 2001 to 2004. 

He returned to Singapore and was Asean head of corporate sales & structuring in 2004 before taking on the expanded role of co-head Asia corporate sales & structuring and Singapore markets head.

Nien first joined Citi in 1990 as a credit analyst in London and then Singapore before moving to the markets division.