Citi hires Singapore executive from DBS to lead wealth in Asia South

Citigroup has hired Yeo Wenxian as head of wealth for Asia South region from Singapore’s biggest lender DBS Group Holdings, according to a memo seen by Reuters. Yeo will also be the chief executive officer of Citibank Singapore Ltd, Andy Sieg, head of Citi’s wealth, said in the memo to employees. CEO Jane Fraser is conducting a sweeping overhaul in an effort to improve the bank’s performance, cut costs and simplify its sprawling businesses.Read More