Citi appoints first global head for IPB business

CITI has appointed CR Shyam Sambamurthy as the first global head for its international personal bank (IPB) business.

Based in Singapore, Mr Sambamurthy will be responsible for the global strategy of the IPB franchise, which represents an international wealth management business providing specialised wealth management advisory and solutions to a select group of global clients.

The IPB franchise has 260,000 clients with total assets under management (AUM) of more than US$60 billion. It has five booking centres across the world: in Hong Kong, Jersey, London, Singapore, and the US.