Citi’s Asean head Michael Zink retires

Citi’s veteran head of Southeast Asia, Michael Zink, is retiring after a 28-year stint at the bank and returning to the United States.

Zink’s decision to retire and return to the US was announced in an email to the bank’s staff on Friday from Francisco Aristeguieta, chief executive officer for Asia, which was seen by FinanceAsia.

Asean is Citi's largest business within the region and Singapore generates annual revenues of close to $2 billion. Citi in Asean had already exceeded the three key metrics that global CEO Michael Corbat set for the group - return on assets, return on tangible common...