Citi appoints head of corporate and investment banking for China

Citi has appointed Guorong Jiang as managing director, chairman and head of corporate and investment banking (CIB) for China.

CITI has appointed Guorong Jiang as managing director, chairman and head of corporate and investment banking (CIB) for China. He reports to Mark Slaughter, head of corporate and investment banking for Citi in Asia-Pacific, with a matrix reporting line to Christine Lam, president and chief executive officer of Citi China.

Jiang will lead the integrated CIB franchise in China, leveraging Citi’s long-standing client relationships and leading market position. He will be based in Hong Kong to fully leverage Citi’s broad regional product platforms.

“China remains a critical market for Citi,” says Mark Slaughter. “The addition of Guorong represents an important part of our strategy to expand our share of the China wallet by broadening our coverage to serve as the preeminent foreign institutional bank for Chinese MNCs, SOEs and onshore subsidiaries.”

"This appointment underlines Citi’s investment in senior talent to support our corporate clients. Citi has a strong team across our institutional clients group in China and Guorong is an excellent addition in growing our institutional business in China," says Christine Lam.

Jiang brings more than 20 years of experience to Citi, as well as strong relationships with many leading Chinese corporations, financial institutions and SOEs. He joins Citi from UBS, where he most recently served as head of China investment banking and vice chairman of Asia investment banking.

He has also held roles with China International Capital Corporation, the Bank for International Settlements, Hong Kong Monetary Authority, and International Monetary Fund, and has served as a member of the listing committee of Hong Kong Stock Exchange.

In the last year Citi has raised over US$50 billion from capital markets for Chinese issuers and advised on over US$30 billion of M&A involving Chinese firms, according to Dealogic data.