Citi names Asia head of consumer banking

US bank Citi moved late last week to promote veteran Anand Selvakesari to head of consumer banking for Asia Pacific, based in Singapore. Effective from July 1, Selvakesari will be tasked with growing the business across 13 Asian markets. Citi has $255 billion in wealth management assets, spanning consumer and private banking. The consumer bank is understood to account for about 70% of Citi’s AUM. It generated $7.5 billion in revenues last year, or 51% of total regional revenues.…