Citi retail brings in head of banking products from AMP

Peter Forrest is joining Citi Australia's retail banking team as head of banking products.

Forrest comes from AMP, where he was the head of strategic marketing. Forrest spent more than 10 years with Macquarie Bank in a variety of roles, including division director head of deposits. He was also a product manager at CBA and a marketing manager at the Sydney Futures Exchange prior to its merger with the ASX futures exchange in 2006.

In his new role, Forrest will be responsible for Citi's competitive FX offering, deposits products and its flagship multi-currency platform, the Global Currency Account (GCA).

Head of Retail Banking for Citi Australia, Kate Luft, said, "We are proud to be growing our retail banking business in a market where many wealth managers are facing a period of uncertainty.

"Peter and Keith [Miranda, head of investment partnerships] have extensive financial services experience, and will be an asset to the team. They are well-placed to help us meet our growth appetite for 2020."