Citi Singapore Appoints Matt Read as Retail Banking Head to Triple AUM by 2025by Fintech News Singapore February 27, 2023
Citi Singapore has announced the appointment of Matt Read as its Retail Banking Head, effective 17 April, where he will be part of the senior management group.
Matt will lead Citi’s local team to deliver on the bank’s aim to add US$150 billion in assets under management (AUM) by 2025 across Singapore and Hong Kong. Citi’s overall goal in Singapore is to triple its AUM and increase its wealth clients by 2.5 times by 2025.
He will be reporting to Citibank Singapore’s CEO Brendan Carney, and Shyam Sambamurthy, International Head of Citigold and Citigold Private Client (CPC).
Matt joined Citi in 2017 as Head of Sales & Distribution for 17 markets across Asia Pacific & EMEA, overseeing sales productivity across Citi Priority, Citigold & CPC segments. He has also been responsible for managing the digitisation and transformation of Citi’s branch network.
He has held senior roles in Sales and Distribution, Operations and Compliance, with significant country leadership experience in blue chip companies such as ANZ and GE Capital.
Matt joined Citibank from ANZ, where he was Head of Wealth Distribution & Branch Network (Asia Pacific) having accountability for the affluent banking and private wealth segments.
“We have made a great start to the bank’s refreshed strategy to grow our wealth management business.
Matt’s familiarity with Singapore and Citi’s Singapore business and his senior management experience across multiple international financial institutions including Citi, make him the right leader to build on our existing success and accelerate our progress.”