HONG KONG (Reuters). Citigroup Inc (NYSE 🙂 on Tuesday announced that Angel Ng has been appointed as the Asia Pacific Global Wealth Management Business Leader.

Ng, currently Citigroup’s Hong Kong chief executive, will oversee Citi’s wealth management business — centred around hubs in Singapore and Hong Kong — and lead the personal banking units in both cities.

Fabio Fontainha, Steven Lo and Steven Lo are now her co-heads for the Asia Pacific wealth division. They both have moved to other jobs at Citi.

The statement stated that wealth management in Asia Pacific saw $2.5 billion of revenue in 2021. Citi plans to increase client assets by 150 billion by 2025.

Citi stated that it will add 2,300 employees by 2025.