Citi Global Wealth Family Office Group ramps up with two senior hires in Asia
Lynn Ong joins as Vice President, Family Office Group – FO Advisory and Yanjun Feng hired as Vice President, Family Office Group – North Asia.
Citi Private Bank covers over 1,500 family offices globally with an average net worth of USD1.7 billion, including 25% of the world’s billionaires. This is a critical client segment and a key growth driver for the Private Bank. The bank believes that this trend will also be a key driver of growth in Asia with places like Singapore and Hong Kong establishing themselves as centers of excellence for this segment.
To support the company's growth strategy in the family office space, Citi welcomes the arrival of two additional dedicated resources to the team in Asia – Lynn Ong (SG) and Yanjun Feng (HK). Collectively, these two specialized professionals will further strengthen Citi's presence in Private Markets as well as the Family Office Advisory space, respectively.
Lynn’s role will be focused on Family Office Advisory matters such as family office setup, governance, and philanthropy. Yanjun’s role will involve private markets (i.e. equity and private debt) as well as advisory for the Family Office space in the Greater China region.
Lynn joins from the Economic Development Board of Singapore (“EDB”), where she was the China market head with primary coverage over the East and Central China regions. She focused on a range of clients which included founders of established businesses, next generation, founders of fast-growing tech unicorns or potential unicorns, as well as capital owners who were looking at setting up family offices for the purpose of accessing global investment opportunities through Singapore. Her role also extended to the policy development and refinements of Singapore’s Global Investor Program, as well as investments into local startups and philanthropy.
Yanjun is a seasoned private investment professional with over 5 years of experience, spanning across multiple alternative assets. She has hands-on knowledge across growth and venture capital strategies, global buyout as well as private credit solutions, non-performing loans and distressed assets. Prior to Citi Private Bank, Yanjun spent 4 years at the Investment Office of the Hong Kong Jockey Club responsible for sourcing and executing global private market transactions. Before joining the Hong Kong Jockey Club, she started her career working at LGT Capital Partners.
Working seamlessly with Bernard Wai, Kenny Ng, Faye Ong, and Jonathan Gan, Citi will provide a more holistic family office offering to it's targeted clients.