(Reuters) – Citigroup (NYSE:) has named Jeff Wu as head of market sales for China, effective immediately, with the goal of unifying sales efforts for all of its market products in the country, according to an internal memo seen by Reuters on Monday.
The appointment would unite Citi’s offshore and onshore teams for the first time and underscore the bank’s commitment to China, a company spokesman said, confirming the contents of the memo.
Wu, who joined the Wall Street bank in 2010, will relocate to Shanghai for the new role, according to the memo.
He previously led Citi’s solutions sales team in China where he found synergies between the US bank’s financial institutions and corporate solutions operations in the country, according to the memo.
Citi also appointed Jing Li, who will report to Wu, to lead its sales efforts across all market products for financial institutions in China, the memo said.
The corporate sales team in China will report to Wu and Yoshiyuki Takano.
