Citi hires UBS banker as China head of corporate, investment banking: memo

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[June 22, 2017]  HONG KONG (Reuters) - Citigroup Inc has appointed UBS Group AG senior China banker Jiang Guorong as its chairman and head of China corporate and investment banking, according to an internal memo seen by Reuters on Thursday.

 People walk beneath a Citibank branch logo in the financial district of San Francisco, California July 17, 2009. REUTERS/Robert Galbraith/File Photo

Guorong, who will start his new role at Citi in September, most recently served as head of China investment banking and vice-chairman of Asia investment banking at UBS, according to the memo sent to staff at the U.S.-bank.

A spokesman for Citi in Hong Kong confirmed the content of the memo. A UBS spokesman did not immediately respond to request for comment.

(Reporting by Julie Zhu, Yan Jiang and Sumeet Chatterjee)

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