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Roula Khalaf, editor of the FT, selects her favorite stories for the magazine this week.
The global head of gigigroup, the private arm of wichigroup, and one of the most senior women from the company to join the main chain of the executive growth of the Wealth Division.
IDA LUU announced his departure on LinkedIn on Monday morning, but did not say where next. Her decision follows a string of other departures by top women in banking.
“Lica of opportunities, and this is the right time to increase the world's expertise, the experience of the collector and the popularity of new ways of growth.
The city It did not return a request for comment on Liu's departure.
Liu's exit will reduce the limited number of senior executives on the Citi chart below Fraser. While she was not on Citi's Senior Management Team, Liu, along with Tasnim Ghiawadwala, who runs Citi's commercial bank, were among the top female leaders.
Chigigroup reorganized itself into five major business units more than a year ago, all five of which are run by men. The 18 Member Graphic Management Committee includes only Wight Pied Otsions out Fraser.
The departure of Liu follows one of the other top positions of the ship including titi cole, who was the Head of the World of Citi and left in 2023. Former executive director at PWC, head of Citi Technology. Peeetz was taken over by Anand Selva, who was head of Cici's division.
The departure comes at a time when Titi is placing a new emphasis on its wealth sector. Liu, a former Banker of the Bank, left Wallre Street at the beginning of his career to become a fashion manager. He returned a few years later to Citi, which released contacts to cast affluent clients in the world of fashion, media and entertainment.
The bank is named the head of private banking in the United States in 2019, and the head of the sector worldwide later.
Liu told Andy Sieg, who was brought in a year and a half ago to turn around Citi. Sieg puts the emphasis on the management of assets and moves how to pay for its cuti – how to pay by bringing the assets of customers rather than transactions, as private banks are often paid.
Sieg's changes to the Division have improved results but come with a higher flow. Income from Citi's Fin Remores dispy Dreation adnal more than last year to more than $1bn, a very high profit since the Bank started to break the results of the unit three years ago.
Last year, “it was a change of wealth as we sharpened our focus on investment, the right medicine for the basis of spending”, Fraser told analysts in the birds of the fourth income, praise. “That's where we see the big front.”