Citi names veteran Rizvi as APAC corporate banking head: memo

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FILE PHOTO: The Citigroup Inc (Citi) logo is seen at the SIBOS banking and financial conference in Toronto, Ontario, Canada October 19, 2017. Picture taken October 19, 2017. REUTERS/Chris Helgren

HONG KONG (Reuters) – Citigroup Inc (C.N) has named veteran banker Kaleem Rizvi as its Asia Pacific head of the corporate banking business, according to an internal memo reviewed by Reuters on Monday.

Rizvi, who joined Citi in Pakistan in 1996, will replace Gerald Keefe, who was in February promoted to a global role in its treasury and trade solutions business unit, said the memo sent to bank

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COVID-19 heightens financial anxiety, demand for insurance across APAC

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Over a quarter of respondents in four Asia-Pacific markets have expressed worries about their financial situation during and after the COVID-19 pandemic, while many have identified insurance as a ‘must have’, according to a survey by Swiss Re.

The poll, which had 2,500 respondents across Australia, Singapore, Hong Kong, and China, found that 27% of respondents were ‘anxious’ and ‘overwhelmed’ about their finances due to COVID-19 while around 40% in all markets surveyed said they were ‘stretched but coping’.

At least 75% of respondents in China said they have recently engaged their insurer or researched riders or new policies. From

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