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Citi Private Banking appoints Steven Lo as successor to retiring Asia head

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Citi Private Bank has appointed Steven Lo as its new Asia head, succeeding Bassam Salem when he retires in February next year.

CITI Private Bank has appointed Steven Lo as its new Asia head, succeeding Bassam Salem when he retires in February next year.

Mr Lo will be based in Hong Kong, and will report jointly to Peter Charrington, Global Head of Citi Private Bank, and Francisco Aristeguieta, CEO of Citi Asia Pacific. He will assume his new responsibilities with effect from Feb 1, 2018.

Mr Lo has extensive private banking experience covering clients in North America, Canada, Hong Kong, Thailand, South Korea and the Philippines.

He joined Citi Private Bank 26 years ago as an Ultra High Net Worth Banker in Vancouver, focusing on clients in North America and Asia. He later moved to New York as a Banker, and then to Asia in 2001 and became the Global Market Manager (GMM) of Thailand.

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He became the GMM of Hong Kong in 2010 and is a member of the Hong Kong Country Executive Committee. He is also a founding member and Director of the Private Wealth Management Association in Hong Kong.

To ensure a seamless transition, he will work closely with Mr Salem over the next few months.