Citibank Bhd's longest serving chief executive officer, Sanjeev
Nanavati, is leaving the bank after almost seven years at the
helm to pursue other opportunities.
Sources said an internal memo was sent out last Wednesday,
in which Michael Zink, who heads US-based Citigroup Inc's
operations in Southeast Asia, informed employees of Sanjeev's
intention to leave the bank.
"After nine years in Malaysia, of which nearly seven years
as the CEO, Sanjeev informed us of his decision to leave the
bank to pursue different options within and outside banking. He
continues to be the CEO until his successor comes on board by
end-July," a spokesman at the bank told The Edge Financial
-The Edge Financial Daily
NOTE: Reuters has not verified this story and does not vouch
for its accuracy.