Citibank, N.A., Indonesia (Citi Indonesia) announced the appointment of Wit Oemar as head of corporate banking for Indonesia, effective 5 March, 2025. He will report to K. Balasubramanian, head of corporate banking, Asia South, Citi and Batara Sianturi, chief country officer of Citi Indonesia. In this role, Oemar will oversee Citi’s corporate banking business in Indonesia – leading strategic initiatives to further strengthen client relationships across local corporates, financial institutions, public sector and multinational clients. He first joined Citi Indonesia in 2006 as one of the founding members of Citi Commercial Bank in Indonesia. Over the years, he has held various leadership positions, including serving as director for local corporates in corporate and investment banking in 2009 and head of global subsidiaries group, Indonesia in 2018. Most recently, he was head of global network banking, Indonesia since 2023, where he led Citi’s coverage of multinational clients in Indonesia. He holds an MPhil in Finance from the University of Cambridge, UK, and brings over 20 years of experience in corporate, commercial and investment banking. “Indonesia is an important market for Citi. We are the leading bank for most major multinational companies in Indonesia. Under Wit’s leadership, we will continue to focus on driving business performance and strengthening our presence in Indonesia, including enhancing the synergies with Citi’s other businesses to deliver our full product suite to corporate banking clients,” said K Balasubramanian. “With his extensive experience across Citi’s banking businesses, I am confident that Wit will strengthen our corporate banking business in Indonesia. He is a strategic leader with a proven track record, and his leadership will further our vision to be the preeminent banking partner for institutions with cross-border needs,” said Batara Sianturi, chief country officer, Citi Indonesia. Citi’s corporate and investment banking business in Indonesia delivers services and solutions to local corporations, multinationals, financial institutions and public sector clients. In 2024, Citi Indonesia participated in several notable transactions in Indonesia. We acted as sole coordinating bank and successfully closed syndicated revolving credit facilities totaling $200 million and IDR 7.5 trillion ($460 million) for PT Charoen Pokphand Indonesia Tbk. Citi Indonesia and Coca-Cola Europacific Partners Indonesia also announced a sustainable supply chain finance deal to support both companies’ sustainability agenda. Re-disseminated by The Asian Banker
