Headlines

Citibank Indonesia chief
country officer transferred

Citibank Indonesia chief country officer (CCO) Shariq Mukhtar will be soon removed from his post following an alleged murder and embezzlement scandal that put the bank in the hot seat.

Mukhtar will be moved to Singapore, and his position will be taken over by Tigor M. Siahaan, who has served as the country chief for Citibank's ICG Indonesia and country risk manager for Citi Indonesia, Citi Asia Pacific chief executive officer Shirish Apte said Thursday.

“I have asked Shariq Mukhtar, who has served as the CCO of Indonesia since 2008, to take on a new regional role based in Singapore with consumer banking responsibilities,” Apte said in a leaked internal memo sent to The Jakarta Post.

“With Shariq's move, I am pleased to announce Tigor M. Siahaan as country head and CCO of Indonesia, effective June 30 pending regulatory approval. Under a new country structure, Tigor will oversee the ICG and Consumer Bank businesses in Indonesia,” he added.

Apte said announcements regarding Mukhtar's new position in Singapore and a new country business manager for Citi Indonesia would follow.

He stopped short of mentioning whether the changes had anything to do with recent court cases implicating the bank.

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