CITIGROUP'S head of Private Banking, South Asia, Jyrki Rauhio, is leaving the firm at the end of March to pursue other opportunities confirmed Citigroup spokesman Adam Rahman on March 26.

Rauhio’s role will not be replaced and all the South Asia global market managers in his team will now report to Steven Lo, Asia-Pacific head of Citi Private Bank.

Rauhio, based in Singapore, has been with the bank for 25
years in locations including Helsinki, Warsaw, New York and Hong Kong. He put in the North and South Asia structure when he took on the role of Asia Pacific CEO to help scale the business.

“Jyrki performed the role of South Asia head for two years and did a great job putting in place a platform for growth and wants a new challenge. As a result, this gives us the opportunity to relook at the structure of the business and Steven has decided to streamline it,” says Rahman.