Overview

Gender

male

Investor Type

Investment Partner

Jonathan Larsen is Citi's Global Head of Retail Banking, appointed in June 2012. The Global Retail Banking business unit spans 40 countries, serving 27 million clients through some 4,600 branches and a wide range of digital and partner channels. The business houses approximately $400 billion in client assets in the form of deposits and investment assets under management. In 2011, Global Retail Banking generated $11.4 billion in revenues for the firm.

In parallel, Jonathan is Head of Citi's Consumer Business in Asia Pacific. Citibank is Asia Pacific's pre-eminent retail bank and credit card issuer with over 16 million customer accounts and more than 600 branches in Asia Pacific in 14 countries. Jonathan has been in this role since late 2009. In 2011, Citi reported revenues in its Asia Pacific Consumer Business of $8 billion, accounting for nearly 25 percent of Citi's consumer banking revenues globally. Net income was $1.9 billion, representing over 30 percent of Citi's Consumer Banking net income globally.

Jonathan is a member of Citi's Global Consumer Management Committee and Asia Pacific Executive Committee.

Jonathan joined Citi in 1998 and has held various leadership roles across Asia Pacific. Jonathan was the Country Head and Citi Country Officer for Singapore, with oversight of the Institutional Clients Group, Consumer Banking and Global Wealth Management businesses. He assumed this role in September 2008. He was appointed in April 2005 as the Country Business Manager and CEO for Citibank Singapore Ltd. In this role, he was instrumental in transforming Citibank's presence from five customer touch points to over 800 and repositioning Citibank as a mainstream retail bank in Singapore. From August 2007, he assumed the additional role of Head of Citi's Consumer Business across South East Asia.