<p>Citigroup Inc has created a new regional leadership structure for its Asian business, according to a memo seen by Reuters.</p>.<p>Tim Monger has been appointed as the head of the bank's North and East Asian business 'cluster', while Amol Gupte will lead South Asia and ASEAN, the memo said.</p>.<p>Both will report to Citi's Asia-Pacific Chief Executive Peter Babej.</p>.<p>A Citigroup spokesman confirmed the contents of the memo.</p>.<p>Monger is currently Citi's chief financial officer for Asia Pacific and joined the bank in 2017.</p>.<p><strong>Also Read: <a href="https://www.deccanherald.com/business/business-news/former-tesla-worker-rejects-15-million-award-in-racism-case-1120571.html" target="_blank">Former Tesla worker rejects $15 million award in racism case</a></strong></p>.<p>Gupte has been with the bank for more than three decades and has led the ASEAN business as the Singapore country officer since 2016.</p>.<p>"This new structure will strengthen our focus on critical growth corridors and drive operational synergies across our markets," Babej said.</p>.<p>Citigroup plans to hire around 3,000 new staff for its Asia institutional business in the next few years, sharpening its focus in a fast-growing region where it has exited consumer banking in most markets, Babej told Reuters earlier in June. .</p>.<p>The bank has previously said it would hire 2,300 wealth staff by 2025 in the region.</p>
<p>Citigroup Inc has created a new regional leadership structure for its Asian business, according to a memo seen by Reuters.</p>.<p>Tim Monger has been appointed as the head of the bank's North and East Asian business 'cluster', while Amol Gupte will lead South Asia and ASEAN, the memo said.</p>.<p>Both will report to Citi's Asia-Pacific Chief Executive Peter Babej.</p>.<p>A Citigroup spokesman confirmed the contents of the memo.</p>.<p>Monger is currently Citi's chief financial officer for Asia Pacific and joined the bank in 2017.</p>.<p><strong>Also Read: <a href="https://www.deccanherald.com/business/business-news/former-tesla-worker-rejects-15-million-award-in-racism-case-1120571.html" target="_blank">Former Tesla worker rejects $15 million award in racism case</a></strong></p>.<p>Gupte has been with the bank for more than three decades and has led the ASEAN business as the Singapore country officer since 2016.</p>.<p>"This new structure will strengthen our focus on critical growth corridors and drive operational synergies across our markets," Babej said.</p>.<p>Citigroup plans to hire around 3,000 new staff for its Asia institutional business in the next few years, sharpening its focus in a fast-growing region where it has exited consumer banking in most markets, Babej told Reuters earlier in June. .</p>.<p>The bank has previously said it would hire 2,300 wealth staff by 2025 in the region.</p>