Michael Borch appointed COO for CIB at Citi

Citi has appointed Michael Borch as chief operating officer for corporate and investment banking CIB in Asia-Pacific, according to an internal announcement. He will take over from Chris Laskowski, who will focus on his two other jobs as head of CIB for Hong Kong and head of the Asia-Pacific alternative assets group.

Borch will retain his current role as head of transportation, but will step down as head of industrials to free up time for the COO job.

In the announcement, Citi’s head of global banking for Asia-Pacific, Farhan Faruqui, noted that since Laskowski took on the COO job in June 2010, the US bank has greatly...