Citi’s investment bank has appointed Alex Wong as the managing director ( MD ) with responsibility for enhancing senior coverage across the industrials and mobility sector across Asia-Pacific.

He will report to Lei Li, the bank’s Asia-Pacific head of industrials, investment banking.

Wong was previously a MD at Credit Suisse, where he was responsible for mobility and industrial technology.

Citi’s industrials sector witnessed significant client activity in 2025, the bank notes, including marquee deals, such as the recent stake sale by Haier India to Bharti Enterprises and Warburg Pincus – the largest ever China-India partnership transaction – and the US$2.4 billion closing of Geely's privatization of Zeekr – the largest-ever electric vehicle merger globally.

The bank expects strong growth in the industrials sector going into 2026, with a robust deal pipeline and favourable deal environment.