Citi names Marc Luet as Asia North & Australia Cluster and Banking Head

Luet replaces Angel Ng, who is retiring on 5 April after 26 years with the bank.

Citi has appointed Marc Luet as Asia North & Australia Cluster and Banking Head.

In a press release, the bank announced that veteran banker Angel Ng has decided to retire after 26 years with Citi.

Luet, who is currently Japan Cluster and Banking Head, will take over Ng’s position. Luet will be based in Hong Kong and will have responsibility for the geographic management and legal entity management across the cluster– with oversight over Citi’s franchise in Australia, China, Hong Kong, Korea, New Zealand, and Taiwan.

Prior to his new role, Luet has held a variety of senior positions as Citi country office (CCO) and CEO across various businesses in the bank, including Australia, New Zealand, Russia, Ukraine, Kazakhstan, Poland, and Turkey, amongst others. Luet has also worked at Citi’s consumer banking business in EMEA.

ALSO READ: Citi’s Shally Koh on how to foster a more diverse banking organisation

Luet will continue to be head of the Japan cluster until a successor is named.

Ng, who is retiring on 5 April, was formerly the head of Citi’s Asia wealth business in 2022 and was CEO for Hong Kong and Macau in 2018. 

She first joined Citi Hong Kong in 1998, and over the years has served as head of retail banking, head of wealth management, head of cards, and consumer business manager for Hong Kong.