Citigroup hires veteran banker Sophia Wang to lead China institutional sales

Citigroup has appointed Sophia Wang as its managing director and head of China financial-institutional sales and senior relationship management (SRM). Wang, a veteran banker, joined the company on Tuesday and will be based in Shanghai. In her new role, she will be responsible for institutional sales coverage across various financial products, including rates, foreign exchange, and equity derivatives. She will also manage strategic relationships with local financial institutions and global clients seeking to engage with China's markets for investment and financing. This appointment signifies Citigroup's continued efforts to expand its presence in mainland capital markets.