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Citi NZ’s banking ‘godfather’ retires after 13 years at the top

Derek ‘Des’ Syme predicts his successor will come from inside the US bank’s 25-strong local team.

Outgoing Citi NZ CEO Derek Syme on a recent visit to New York.

Will Mace Mon, 04 Dec 2023

Derek Syme reckons Citi Group’s New Zealand operations could become a model for the multinational bank’s global structure, particularly as Citi implements a reorganisation that could reportedly see at least 10% of its workforce cut.

Of course, Syme – or ‘Des’ to his long-time friends and

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Citi NZ’s banking ‘godfather’ retires after 13 years at the top
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