Hong Kong, January 25th 2010 – Citigroup has named Vanessa Wang Pension Services Head of Asia Pacific. Vanessa will be responsible for growing Citi’s business in the Pensions and Endowments sectors across Asia Pacific in the 18 markets that Citi operates in the region. Vanessa will work closely with product partners and other businesses within Citi in Asia Pacific– including the Consumer Bank, Global Banking and Global Markets - to help identify new business opportunities and develop solutions for pension funds that utilize the full capabilities of the Citi franchise in the region. Pension funds are one of the largest and fastest growing pools of capital in Asia, increasing by an average of 20% in the last five years across the Asia Pacific markets according to Citi research. “This is one of Citi’s priority areas for investment and we are delighted to welcome Vanessa to Citi. Citi has a track record of delivering innovative solutions to the Pension and Endowments sector and we look forward to helping old and new clients grow further under Vanessa’s leadership,” said David Russell, Asia Pacific Securities and Fund Services Head. Citi’s local knowledge and global reach in over 100 countries offers our clients a unique perspective on an ever changing world. With over US$11.3 trillion of assets under custody and the industry’s largest proprietary network, pension funds can leverage Citi’s local market expertise and global reach to extract value across the entire investment value chain. Vanessa joins Citi from Mercer where she was a partner and Asia Head of the Retirement, Risk and Finance (RRF) business. She helped shape and grow Mercer's RRF business in Asia Pacific, expanding their presence and retirement industry relationship. Vanessa held positions in various Mercer global committees and represented Mercer in the World Economic Forum in China in 2007, 2008 and 2009, participating in expert panels on retirement and healthcare. Before moving to Asia, Vanessa was based in Mercer's New York office for 11 years. Global Transaction Services (GTS), a division of Citi's Institutional Clients Group, offers integrated cash management, trade, and securities and fund services to multinational corporations, financial institutions and public sector organizations around the world. With a network that spans more than 100 countries, Citi's Global Transaction Services supports over 65,000 clients. Citi’s Asia Pacific business was the largest globally for Citigroup in 2010, contributing 43% of Citi’s 2010 US$10.6bn net income. Re-disseminated by The Asian Banker
