Citi names Catherine Cai as new head of China investment banking

Citigroup Inc said it has appointed Catherine Cai, former China banker from Bank of America’s Merrill Lynch unit, as chairman and head of China investment banking. Cai, who has more than 20 years of experience in China investment banking, will report to Mark Slaughter, head of corporate and investment banking for Citi in Asia Pacific. She joins Citi after working for ten years at Bank of America Merrill Lynch where she was most recently chairman of China investment banking. Slaughter said Cai has excellent client relationships around the region and has been involved on several landmark and groundbreaking transactions from China during her career.

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