Hiring DBS ‘ Yeo Wenxian, who did begin her position as Citi’s mind of wealth for South Asia on Nov 1, is a” sign that we’re out in the business, looking for solid talent”, Mr Sieg said.
” We can engage in progress with tremendous confidence, because we’re seeing a level of productivity across our team, which is the output that you need to encourage investment”, he said.  ,
Pointing to the selecting of Ms Wen, he said Citi Singapore has been a “magnet” for unusual skills.
She “represents what we hope and anticipate seeing a lot more of,” he said,” which is directly grown ability playing functions that are accessible here.”
“EPICENTRE” OF GLOBAL WEALTH CREATION
Mr. Sieg’s optimistic outlook on the Singaporean money business is influenced by its rapid growth.
The city-state is the “epicentre” of global wealth creation alongside Hong Kong, said Mr Sieg, who is in the state for F1 customer events and internal organization sessions.
One of the pillars of Citi CEO Jane Fraser’s ambitious change strategy, which was made public last year, is money control.
Mr Sieg noted that Singapore’s main responsibility largely comes from its position as a site of home offices, which he called a “major contribution” to the firm’s business.