SINGAPORE: Financial services corporation Citi on Friday (Feb 19) announced that its ASEAN head and Citi Country Officer (CCO) for Singapore Michael Zink will be retiring after 28 years with the organisation.
A note from CEO of Citigroup Asia Francisco Aristeguieta to staff said Mr Zink has decided "now is the right time for him to return to the US". He will be with the firm till May, and a successor will be announced in due course, the CEO said.
Mr Zink, who has been with Citi since 1988, took on the ASEAN head role in February 2012 and the role of Singapore CCO in mid-2010. Prior to these roles, he was president and executive director of Guangdong Development Bank, a position he assumed in December 2006. From 2004 to 2006, Mr Zink was senior executive vice president and executive director of Citibank Korea, and also served as Indonesia CCO from 1999 to 2004, according to Citi.
"Michael has held numerous senior roles and built businesses that have contributed significantly to the success of our franchise. He has never shied away from challenging roles and has always championed productive and innovative change," said Mr Aristeguieta. "Many of our younger leaders have Michael to thank as he truly believes in developing talent, having recruited and developed a generation of leaders at Citi."
Mr Zink is currently co-chair of the Financial Services Committee and sits on the board of the US-ASEAN Business Council as well as AmCham Singapore’s Board of Governors. He also serves as a council member of The Association of Banks in Singapore (ABS).