Citigroup Names Catherine Cai as Head of China Investment Banking

Citigroup has appointed ex-Bank of America Merrill Lynch executive, Catherine Cai, to serve as its newest Head of China investment banking as well as its China chairman, who is slated to begin her new role only in June or July, according to a Reuters report.

In her new role at Citigroup, Ms. Cai will serve officially as its managing director, where she will be reporting to Mark Slaughter, Citigroup’s Head of Corporate and Investment Banking in the Asia-Pacific (APAC) Asia-Pacific (APAC) The Asia-Pacific (APAC) region is one of the fastest growing in terms of population. This region in particular is of great importance to the financial services industry, as it is seen as the largest growth market for clients.APAC is comprised of diverse currency markets that are shaped by various and, at times, competing forces, from global regulation to local capital controls.The region has been seen as one of the hardest to enter by FX brokers for this reason, as well as grappling cultural or The Asia-Pacific (APAC) region is one of the fastest growing in terms of population. This region in particular is of great importance to the financial services industry, as it is seen as the largest growth market for clients.APAC is comprised of diverse currency markets that are shaped by various and, at times, competing forces, from global regulation to local capital controls.The region has been seen as one of the hardest to enter by FX brokers for this reason, as well as grappling cultural or Read this Term) region.

Ms. Cai is replacing Roger Zhu, Citigroup's former head of Greater China corporate and investment banking, who parted ways with the banking group earlier this year.

Ms. Cai joins Citigroup from BofA Merrill Lynch, having worked as its managing director. Her stint at the bank is part of a two decade long career in Chinese investment banking, which also saw her in a similar role at Morgan Stanley.

According to Mr. Slaughter in a recent statement on the appointment, “She has excellent client relationships around the region and has been involved on several landmark and groundbreaking transactions from China during her career.”