Citi has appointed Jaewon Hwang as the Head of Citi Commercial Bank (CCB) for Korea. In this role, Hwang will lead the growth of CCB’s business in Korea, overseeing business operations and financial performance, and strengthening key client and regulatory relationships.Hwang will report to MS Yoo, chief country officer of Citi Korea and Gunjan Kalra, head of Citi Commercial Bank for Japan, Asia North, Australia and Asia South clusters.
Hwang brings over 23 years of corporate banking experience to this role. As a parent account manager for a major corporation in Korea and as head of the top-tier local corporates (TTLC) division, he has been instrumental in driving the overall growth of Citi’s corporate banking business through effective credit exposure and capital management, as well as the diversification of products and services. He joined Citi Korea in 2001 as a management associate and has since held various roles, including business development officer at Middle Markets Group in Los Angeles and head of Korea Desk for North America and Latin America in New York. Hwang graduated from Korea University and holds an MBA from New York University`s Stern School of Business.
“We are seeing an increasing trend of Korean companies going global and expanding their business in other regions. Through Citi’s global network and strong knowledge of local markets, we are well-placed to support fast-growing Korean mid-sized corporates with their global and regional aspirations. I am confident that under Jaewon’s leadership, our business will continue to gain momentum”, said Gunjan Kalra.
CCB is an integral part of Citi’s global strategy and a key engine for growth. It focuses on delivering Citi’s competitive product suite, including cash and liquidity management, foreign exchange, trade finance, capital markets, and lending solutions among others, to mid-sized corporates that are looking to build an international footprint.
CCB operates across 12 markets in Asia, serving clients in Australia, Mainland China, Hong Kong, India, Indonesia, Japan, Malaysia, Singapore, South Korea, Taiwan, Thailand, and Vietnam.