Citi revamps Asian management structure

Citigroup Inc's Asia-Pacific chief executive announced a new management structure with the region's markets head, Rodrigo Zorrilla, promoted to COO.

Citi's Singapore Chief Executive Michael Zink was made head of the newly created ASEAN regional grouping, which includes Guam, Indonesia, Malaysia, the Philippines, Singapore, Thailand and Vietnam.

The region's head of global transaction services, Anthony Nappi, was named chief administrative officer.

Replacing Zorrilla as head of Asia-Pacific markets is Nadir Mahmud, currently head of foreign and local market sales.

"This structure creates clear leadership accountability and enhances communication and alignment against Citi's global priorities in a region that is core to Citi," the bank said in a statement.

The move comes just over a month after Shirish Apte became co-chairman of Asia-Pacific banking, leaving Stephen Bird the sole chief executive for the region.

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