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SFC Bans Former Citibank Relationship Manager for 3 Years

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SFC Bans Former Citibank Relationship Manager for 3 Years

The Securities and Futures Commission (SFC) has banned Yeung Leung Yuen, a former relationship manager of Citibank in Hong Kong from re-entering the industry for three years for conducting unauthorized transactions in a client’s securities account.

” Former Citibank Relationship Manager Banned for 3 Years “

Between 30th March and 11st April 2016, the Citibank relationship manager had impersonated the client and placed orders of five unauthorized share purchase in the client’s securities account over phone via Citibank’s stock trading hotline.

The SFC is of the view that Yeung was guilty of misconduct which calls into question his fitness and properness to be a regulated person.  The five unauthorized transactions were unwound by Citibank at a loss of $22,233, and absorbed by Citibank.

About Citibank

Citi Bank
Citi Bank

Citi was founded in 1812 as City Bank of New York. Today, it has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management. Citi currently operates, for management reporting purposes, via two primary business segments: Citicorp, representing Citi’s core growth franchises and Citi Holdings, which contains businesses and assets that are not core to Citi’s future.

  • Origin : New York City, NY, USA
  • Assets : $1.73 trillion
  • Revenue : $76.3 billion
  • Employees : 231,000

Official Website: www.citigroup.com



News & Media: Press Release

Updated on 8th August 2016




Are you a CEO, Entrepreneur, UHNW, HNW or Professional Investor searching for $3 million to $300 million financial services? Find corporate banks, private banks, loans, capital and more at The Financial Centre | TFC. Register here for private access.

Spending millions and months searching for $3 million to $300 million clients. Finding clients just got easier. Let CEOs & Entrepreneurs and UHNWs & HNWs find you in seconds. Learn more

Managing, investing and advising millions & billions of assets in Asia? Join more than 10,000 ++ leading financial professionals at Caproasia.com | Become a Caproasia user here or sign up for Newsletter here and join 6,000 ++ leading financial professionals.

Caproasia.com is the leading platform for information, data, research and resource for the financial industry in Asia. Collectively, they manage more than $20 trillion assets in Asia in Investments, Fund Management, Asset Management, Private Banking, Wealth Management, Multi-Family Office, Family Office, Private Equity and Hedge Funds.