People Digest: Citibank hires Singapore CEO; FundRock names Asia markets MD

REUTERS/Robert Galbraith

Citibank has appointed Brendan Carney as chief executive officer of Citibank Singapore while FundRock has named Timothy Walkley as managing director, Asian markets.

Citibank names new Singapore CEO

Citi has appointed Brendan Carney as chief executive officer of Citibank Singapore and ASEAN cluster head of its Global Consumer Banking (GCB) division, according to the bank’s statement.

In his new role, Carney will manage the Citi Singapore’s consumer business and lead the consumer franchise in its ASEAN cluster.

He will report to Gonzalo Luchetti, head of consumer banking for Asia-Pacific and Europe, the Middle East and Africa, as well as Amol Gupte, Asean head and Citi country officer for Singapore.

His appointment comes after the bank’s former Singapore chief Han Kwee Juan resigned in February to join DBS Group Holdings’ group as head of strategy and planning.

Carney was most recently the consumer business manager for South Korea, a role he has held since July 2015.

FundRock names MD for its Singapore office

Luxembourg-based FundRock has appointed Timothy Walkley to lead the new branch in the role of managing director, Asian markets, according to a statement.

The company, backed by private equity firm BlackFin Capital Partners, has opened an office in Singapore, as it expands into Asia.

Luxembourg funds are eyeing cities like Singapore and Hong Kong as gateways to tap into the wealth of a growing Asian middle class.

FundRock’s new set-up in Singapore comes after it struck a cooperation agreement in September with Perpetual Corporate Trust in Australia.

It also follows FundRock’s acquisition of SEB’s fund services arm in the Grand Duchy at the end of 2018.

The company, called RBS Luxembourg before its private equity buyout in 2015, provides services such as risk management, oversight and compliance to funds in Luxembourg, the UK, and Ireland.

It has over €80 billion in assets under management and employs more than 120 people.

 

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.