Citigroup has appointed Gonzalo Luchetti as its newest head of retail banking for the Asia-Pacific (APAC) region, helping develop an increasingly large client pool in the region.

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Citigroup made a number of moves this past fall, culminating in the restructuring of its FX divisions and departure of FX heads Stephane Knauf and Valentin Marinov.

In his new role as Citigroup’s head of retail banking – APAC, Mr. Luchetti will be based out of Hong Kong, whilst continuing with his role as Citi’s global head of wealth management and insurance.