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Asia market round up: Found: new China CEO for Citi

Citi has appointed Andrew Au as chairman of Citibank China and chief executive Citi China after an extended search to replace the previous incumbent, Richard Stanley, who was nabbed by DBS in February. Citi’s press release made no mention of Stanley, who presided over a successful period of investment for the bank in China, but described the search for a replacement as "comprehensive". Au has been with the firm for 24 years, and was previously country head for New Zealand before moving to Hong Kong to take on various regional oversight roles including head of trade for Asia-Pacific.

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