CITI Private Bank has hired Hoo Peng Han as a director of its global family office group in Asia, as it rebuilds its family office team in the region.
Hoo, who was formerly in UBS and in Credit Suisse before UBS’ takeover, will focus on deal origination and syndication in Asia South in his new role.
He brings “deep understanding” of the family office ecosystem in the Asia-Pacific and will play a “critical role” in delivering Citi’s offerings to key clients, the bank said in an internal memo seen by The Business Times.
Hoo has 10 years of investment banking experience. In 2020, while in Credit Suisse, he transferred internally within the bank to join its strategic advisory and private assets group.
There, he was involved in the coverage of family offices and ultra-high-net-worth individuals, the origination of investment banking mandates and structured credit transactions, and the structuring and syndication of private investments across South-east Asia.
After UBS acquired Credit Suisse, he moved to a similar role in UBS in 2024, where he focused on the distribution of global private investment opportunities in the region.
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Hoo will join Singapore-based director Stephan Lanz in Citi’s family office team.
BT understands that the team will be shored up later this month with the addition of vice-president Alice Chiu, who will be based in Hong Kong.
The moves come after several high-profile departures from Citi’s family office team.
In 2024, former Citi executive Lynn Ong joined OCBC’s private banking arm. Meanwhile, family office specialist Jonathan Gan, the bank’s former global family office group head for South Asia, joined Goldman Sachs.
Last month, Citi’s former Asia head of family office advisory Faye Ong left the bank to join JPMorgan Chase.
