Citigroup hires Loretta Ko to head financial institution group

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Citigroup hires Loretta Ko to head financial institution group
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Citigroup has hired Loretta Ko to return to the investment bank and head its fin...

Ko spent 15 years with Citigroup between 1989 and 2004, according to her LinkedIn profile.

In the announcement, Citigroup’s Valentin Garger and Joy Cheng said the hiring should help the bank grow its market share in FIG transactions. “Hong Kong financial institutions is a significant and growing part of Corporate Banking in the country as well as a critical contributor to the broader Asia Pacific financial institutions franchise,” it said.

Citigroup is aiming to have women account globally for at least 40% of their assistant vice president to managing director levels by the end of 2021.Citigroup promoted 14 women, or 31% out of a total 45 managing directors named in Asia at the end of 2019, up from eight women the previous year, according to the spokesman.

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