Citibank has announced the appointment of Matt Read as head of retail banking, effective April 17. As part of the senior management group, Matt will be responsible for the Singapore retail banking franchise.
Matt will report to Brendan Carney, Chief Executive Officer of Citibank Singapore, and Shyam Sambamurthy, International Head of Citigold and Citigold Private Client (CPC).
Matt who joined Citi in 2017 as head of sales & distribution for 17 markets across Asia Pacific & EMEA, overseeing sales productivity across Citi Priority, Citigold & CPC segments, will lead Citi's local team to deliver on the bank's ambitions in wealth management.
He has also been tasked with the responsibility of managing the digitisation and transformation of Citi's branch network.
Matt has held senior roles in sales & distribution, operations and compliance, with significant country leadership experience in blue-chip companies such as ANZ and GE Capital. He joined Citibank from ANZ, where he was head of Wealth Distribution & Branch Network (Asia Pacific) having accountability for the Affluent Banking & Private Wealth segments.
"We have made a great start to the bank's refreshed strategy to grow our wealth management business. Matt's familiarity with Singapore and Citi's Singapore business and his senior management experience across multiple international financial institutions including Citi, make him the right leader to build on our existing success and accelerate our progress,” said Brendan.
"Asia is a key contributor to the Citi Global Wealth business and the region is critical to the firm's aspirations to be a global leader in wealth management. Singapore is one of four of Citi's global wealth hubs, and with Matt's leadership, we will continue to grow and extend our market presence here,” said Shyam.
Matt holds a Bachelor of Commerce degree and a Master of Business Administration from the University of Melbourne in Australia.