People Digest: Citibank SG CEO departs; TransferWise loses banking head

A Citi logo sits outside the offices of Citigroup Inc. in the Canary Wharf business, financial and shopping district of London, U.K., on Tuesday, April 8, 2014. Photographer: Chris Ratcliffe/Bloomberg

Citibank’s Singapore CEO Han Kwee Juan has resigned after 27 years with the firm, while Transferwise’s banking head Lukas May, who was responsible for building its APAC headquarters in Singapore, has left the firm.

Citibank loses top executive in Singapore

Citibank Singapore CEO Han Kwee Juan has resigned after a 27-year stint with the company, Business Times reported, citing an internal memo.

The bank’s head of cards and personal loans, Vikas Kumar, will replace Han while it looks for a replacement.

Han joined Citi as a summer intern in 1990 before joining the firm as a management associate in 1991. He took on various roles across Citi’s business units such as institutional banking, global cash and trade, and global relationship banking. In 2010, he crossed into consumer banking after his appointment as head of credit payment products.

Han had been Citibank Singapore CEO since 2012, where he led its consumer banking business.

TransferWise loses banking chief

UK-based remittance company TransferWise has lost its banking head Lukas May.

A TransferWise representative confirmed that May resigned to work with the UK government on UK-Asia trade negotiations. He will hold the position of deputy director of Asia and Australasia negotiations at the UK Department for International Trade.

May spent close to four years with TransferWise, where he led a team that opened currency routes for the company. This involved negotiating deals with financial institutions, applying for regulatory licenses, and advising governments on regulations. In 2017, May relocated to Singapore to build its APAC headquarters and drive its expansion into Asia.

Prior to TransferWise, May spent about three years at UK’s Financial Conduct Authority, where he co-founded the regulator’s innovation hub.

Asia is still a new market for TransferWise, where it has a relatively smaller market share. The firm is reported to move about $1.25 billion (S$1.7 billion) in and out of Singapore every year.

Also read:

UK fintech firm TransferWise to link up with payments infra in Singapore, HK

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Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.