It hasn’t been the easiest of starts to 2006 for Citigroup in Asia, with continuing integration challenges at its Korean banking acquisition and difficult negotiations with existing and future partners over its China strategy [see Citigroup fails to solve the China conundrum, this issue]. Now Citi’s China strategy will need to be reconsidered after the departures of chief rainmakers Francis Leung and Wei Christianson.
Although few tears will be shed over the exit of Christianson who, as expected, has headed back to Morgan Stanley after the reinstallation of her mentor John Mack, Leung is a different proposition.
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