The new Hong Kong corporate banking head is replacing Joy Cheng who was appointed head of Citi Commercial Bank for Hong Kong in February.

Citi has appointed Matthew Hung (pictured) as head of corporate banking for Hong Kong, starting in August.

In his new role, Hung will drive the business performance and strategy for Citi’s corporate banking business in Hong Kong, including local corporates, public sector organisations, financial institutions and multinational clients in the market, the bank said in a statement. He will report to Kaleem Rizvi, head of corporate bank for Japan, North Asia and Australia, and Aveline San, Hong Kong and Macau CEO and head of banking. He will serve as a member of the Hong Kong executive committee.

Given Citigroup's integrated business model, the corporate banking side of the lender typically works closely with the private banking arm, given how many high net worth and ultra-HNW clients own operating companies.

Hung brings over 20 years of experience of banking for Hong Kong and mainland Chinese clients including multinational companies. Previously, he was at HSBC where he served in several senior roles, including head of corporate coverage for Hong Kong, the firm continued.

Citi’s Corporate Bank’s network, which is spread over 90 markets, serves more than 1,000 clients in Hong Kong, including over 600 multinationals and the interests of over 150 Hong Kong local corporates.

“His track record of working on various strategic advisory and financing transactions for blue chip companies, along with his strong client relationships, will be a great addition to Citi’s leading corporate banking franchise,” Rizvi said.

Citi has made a number of appointments in the region, most recently Edwin Pribadi as head of Citi Commercial Bank (CCB) for Indonesia. See more commentary about the firm here and here.

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