Citi Australia has appointed Marc Luet as chief executive officer (CEO), and head of Citi’s Australia and New Zealand cluster, subject to local regulatory approval.
Luet will report to Tim Monger, interim CEO of Asia Pacific, and would join the Asia Pacific Operating Committee.
He succeeded David Livingstone who was recently appointed CEO for Citi’s Europe, Middle East and Africa region.
Luet had currently been Citi’s cluster head for Israel, Kazakhstan, Poland, Russia, Turkey and Ukraine, and first joined the company in 1991.
Livingstone said Luet had a strong record in leading complex businesses across multiple segments and geographies.
“Marc’s experience will be invaluable as Citi pursues its growth strategy in Australia and New Zealand,” Livingstone said.
“We shall look to Marc to build on the bank’s successful client relationships, while ensuring a strong return on capital for all Citi’s businesses in Australia and New Zealand.”