Citigroup names Peter Babej as Asia Pacific chief executive: memo

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HONG KONG (Reuters) – Citigroup Inc (N:) has named Peter Babej, the U.S. bank’s global head of financial institutions group, as its new Asia Pacific chief executive officer, according to an internal memo seen by Reuters on Thursday.

Babej joined Citi in 2010 as co-head of the financial institutions group after having previously worked at Deutsche Bank (DE:) and investment bank Lazard (N:), according to the memo sent to staff by Citi global CEO Mike Corbat.

A spokesman for Citi in Hong Kong confirmed the content of the memo.

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