March 25 (Reuters) - Citigroup's Jan Metzger, co-head of investment banking for Asia, has stepped down, Bloomberg News reported on Wednesday, citing an internal memo. Kaustubh Kulkarni, who was named
Citi's co-head of Asia investment banking Metzger joins StanChart
Jan Metzger's Move from Citigroup to Standard Chartered
March 26 (Reuters) - Jan Metzger, Citigroup's co-head of investment banking for Asia, will join Standard Chartered as global head of coverage banking, the London-headquartered bank said on Thursday.
Details of Metzger's New Role at Standard Chartered
Metzger is joining the bank's corporate & investment banking team in Hong Kong and will report to the bank's corporate & investment banking CEO, Roberto Hoornweg, according to a company release.
Metzger will officially join the bank in July, according to a source familiar with the matter.
Background and Departure from Citi
He has decided to leave Citi after eight years in the role, according to a memo from Citi.
Metzger's Leadership at Citi
Metzger, who led the bank's investment banking in "Japan, Asia North & Australia, and Asia South", is leaving Citi after eight years in the regional top role, Citi's head of banking, Vis Raghavan, said in the memo on Thursday.
Succession at Citi
Kaustubh Kulkarni, who was named co-head six months ago, will now be the sole head of investment banking for the region, according to the memo.
A Citi spokesperson confirmed the contents of the memo.
Metzger's Career Background
Metzger joined Citigroup from Credit Suisse in 2015 and became Citi's co-head of tech investment banking in Hong Kong before his 2018 appointment as APAC head of corporate and investment banking, according to his LinkedIn profile.
Reporting Credits
(Reporting by Selena Li in Hong Kong and Fabiola Arámburo in Mexico City; Editing by Rashmi Aich)
