According to the Zhitong Finance APP, Luke Lu, who took office as the President of Citigroup China and the President and Director of Citibank (China) at the end of January, is about to resign, the Citigroup spokesperson responded that Luke Lu is leaving due to personal reasons, and the group has started looking for his successor. During his tenure as the President of Citigroup China, Luke Lu mainly led the business development and operational management of Citigroup China, promoted strategic customer business relationships, supervised compliance.

According to records, Luke Lu joined Citigroup in Shanghai in 2002, held important positions in the Corporate Banking Department and Commercial Banking Department, and also served as the President of Citibank Tianjin Branch and Citibank Shanghai Branch. He has over 20 years of banking experience in Hong Kong and mainland China.

In addition, reports indicate that Yang Changhai, the head of Citigroup China, will serve as the Acting President of Citigroup China, while Sin Po-lin, Executive Director and Banking Chief of Citigroup Hong Kong and Macau, will serve as the President and Banking Chief of Citigroup China.

The spokesperson added that the mainland is still an important part of Citigroup's global network and growth plans, and will continue to invest in its business in China. It is understood that Citigroup China currently holds all Shanghai-Luntong Global Depositary Receipt projects in the market, and also leads in the China-Switzerland Global Depositary Receipt projects, with a market share reaching 93%.