Citigroup on Thursday named Gerry Keefe as head of corporate banking Asia Pacific.
In this newly created role, Keefe will assume responsibility for all corporate banking activities in the region including the financial institutions, public sector group, and global subsidiaries group franchises.
Keefe, now Citi’s Japan corporate bank head, will will move to Hong Kong during the second quarter to assume his new role. He will report to Mark Slaughter, head of Asia Pacific corporate and investment banking, and Michael Roberts, global head of corporate banking.
Keefe joined Citi in 2006 from law firm Dechert LLP where he was a partner in the structured finance practice.
He became a managing director in 2009 and in 2010 was named the head of banking and origination for Citi’s securitised products business in the US. In 2014, Keefe was appointed to his current role as corporate banking head in Japan.
Citi’s corporate bank provides financial services to multinational clients across the world,
from cash management, foreign exchange, trade finance, custody, clearing and loans, to capital markets, derivatives, and structured products.
Corporate bankers also partner with Citi’s investment bankers to deliver investment banking capabilities to clients.
The corporate bank is part of the institutional clients group at Citi, which reported a 2015 income of $2.21 billion, up 8% from $2.04 billion a year earlier. Loans in Asia fell by 9% to $62 billion in 2015 from $68 billion a year earlier.
