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Ida Liu

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Ida Liu
Born
Orinda, California, U.S.
NationalityAmerican
EducationWellesley College (BA)
Wharton School of the University of Pennsylvania (Merrill Lynch MBA)
OccupationBanking executive
TitleGlobal Head of Citi Private Bank
Children2

Ida Liu (Chinese: 劉宏敏) is a Chinese American banking executive and currently the Global Head of Citi Private Bank, a position which she has held since April 2021. She previously headed Citi Private Bank in North America.[1]

Early life and education

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Raised in Orinda, California[2] by Mandarin speaking parents,[3] Liu holds a B.A. with honors from Wellesley College[4] and a Merrill Lynch Executive MBA from the Wharton School of the University of Pennsylvania. She speaks fluent Mandarin and Spanish.[5]

Career

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Early career

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Liu started her career in 1998 as a mergers & acquisitions investment banker at BT Wolfensohn, now part of Deutsche Bank.[6]

She joined Merrill Lynch's investment bank in 1999[7] and worked in both New York and Hong Kong, focusing on China and Taiwan deals in the technology, media and telecom sectors.[8]

In 2004, Liu was appointed Global Head of Sales, Marketing and Business Development at womenswear designer Vivienne Tam.[7][9] During her tenure, she launched the Vivienne Tam Dress line, and established flagship stores in China.[10]

Citi Private Bank

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Liu began her career at Citi Private Bank in 2007 by launching and heading the Fashion, Retail and Entertainment Group.[11]

In 2011, she founded Citi Private Bank's newly formed North America Asian Clients Group[12][13][14] before becoming Global Market Manager for New York in 2016.[9]

In 2019, she was promoted to head the Private Bank in North America.[15]

In 2021, Liu was appointed Global Head of Private Banking.[1]

Diversity and inclusion

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Liu is an advocate for diversity, inclusion and gender equality in the workplace.[16]

She serves on Citi's Asian Heritage Affinity, becoming its Co-Lead in November 2021[17] and she has spoken at the Milken Institute Global Conference on inclusivity for the Asian American and Pacific Island heritage (AAPI) community.[18]

Liu is also a member of the Citi Women Steering Committee,[11] a company-wide effort that is "designed to attract, develop, advance and retain female talent at all levels of the company."[19][13] She also serves as Chair of the Citi Women's International Women's Day celebrations globally.[20]

External board memberships

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Liu is a trustee and board member of the Asia Society.[21]

She is the senior sponsor of recruiting for her alma mater, Wellesley College, where she was previously a board member of the Alumnae Association.[16][9]

Liu is a Young Global Leader (YGL) of the World Economic Forum and was one of five Citi delegates at Davos in 2019 to discuss opportunities and trends in global finance and investment.[22]

She is also a member of The Committee of 100[13] and Young Presidents' Organization.[23]

Personal life

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Liu is the daughter of Peter Liu, a venture capitalist who is the Founder and Chairman of WI Harper Group. Liu and her father have simultaneously been participants at the World Economic Forum at Davos.[24][25]

She is married with two children.[16][26]

Awards and honors

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Liu has been named among Barron's 100 Most Influential Women in U.S. Finance consecutively since 2020[27][28][29][30][31] and among the 10 Most Influential Women in Wealth Management for 2021 and 2022.[32]

In 2020, 2021, 2022 and 2023 American Banker named Liu as one of the 25 Most Powerful Women in Finance.[33][34][35]

Liu has also been included in Crain's Notable Women on Wall Street in 2021[36] and 2022,[37] as well as in Crain's 40 Under 40.[6]

Liu received the Citi Chairman's Council Award for six consecutive years as one of the firm's top performers between 2007 and 2014.[38]

In 2023, Liu was presented with an Ellis Island Medal of Honor.[39]

References

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  1. ^ a b Laura Alix (April 14, 2021). "Citi names Ida Liu new global head of private banking". americanbanker.com. American Banker. Retrieved December 9, 2021.
  2. ^ Fatimah Gilliam (September 25, 2017). "Thought Leader Spotlight: Ida Liu". witi.com. Women in Technology International (WITI). Retrieved December 9, 2021.
  3. ^ Freddie Pooter (April 23, 2021). "Diary of a Private Banker: The fashionista who made it to the top of private banking". paminsight.com. PAM Insight. Retrieved December 9, 2021.
  4. ^ "Liu and Senior Women Colleagues at Citi Ring Bell for International Women's Day". wellesley.edu (Press release). Wellesley College. March 12, 2013. Retrieved December 9, 2021.
  5. ^ "Ida Liu - World Economic Forum". weforum.org. World Economic Forum. Retrieved December 9, 2021.
  6. ^ a b Emily Laermer (March 31, 2015). "Crain's 40 under Forty 2015 - no. 38 Ida Liu". crainsnewyork.com. Crain's New York. Retrieved December 9, 2021.
  7. ^ a b "ON THE MOVE - Citi Private Bank's Liu to lead Asia client effort". Reuters.com. Reuters. September 19, 2011. Retrieved December 9, 2021.
  8. ^ Pamela Weinsaft (November 19, 2009). "Voice of Experience: Ida Liu, Head of the Fashion, Retail and Consumer Group, Citi Private Bank". theglasshammer.com. The Glass Hammer. Retrieved December 9, 2021.
  9. ^ a b c "Ida Liu Named Global Market Manager for New York, Citi Private Bank". businesswire.com (Press release). Business Wire. April 21, 2016. Retrieved December 9, 2021.
  10. ^ "Meet the Speakers: Ida Liu, Managing Director, Citi Private Bank". asiasociety.org. Asia Society. April 28, 2010. Retrieved December 9, 2021.
  11. ^ a b "Why us? - Citi Private Bank". privatebank.citibank.com. Citi Private Bank. Retrieved December 9, 2021.
  12. ^ Daisy Maxey (April 16, 2021). "Barron's 100 Most Influential Women in U.S. Finance: Ida Liu". barrons.com. Barron's. Retrieved December 10, 2021.
  13. ^ a b c "Committee of 100 Member Biography - Ida Liu". committee100.org. Committee of 100. Retrieved December 9, 2021.
  14. ^ "Citi Private Bank appoints Ida Liu as Head of North America Asian Clients Group". institutionalassetmanager.co.uk. Institutional Asset Manager. September 20, 2011. Retrieved December 9, 2021.
  15. ^ Imani Moise (June 3, 2019). "MOVES - Citigroup names Ida Liu head of North America private bank- memo". Reuters.com. Reuters. Retrieved December 9, 2021.
  16. ^ a b c "Ida Liu From Citi Private Bank North America: Breaking Down Gender Barriers In Finance". Finance Monthly. March 31, 2021. Retrieved December 9, 2021.
  17. ^ Citi Private Bank (November 13, 2021). "Ida Liu to co-lead Citi's Asian Heritage Affinity". linkedin.com. Citi Private Bank. Retrieved December 9, 2021.
  18. ^ "No Longer a Perpetual Foreigner? The AAPI Community is Making Moves". milkeninstitute.org. Milken Institute. October 18, 2021. Retrieved December 9, 2021.
  19. ^ Jamie Forese (April 21, 2015). "Jamie Forese Speaks at the Women's Bond Club". citigroup.com. Citigroup. Retrieved December 9, 2021.
  20. ^ Ana Duarte McCarthy (May 14, 2015). "Know Your Value: Q&A with Citi's Ida Liu". blog.citigroup.com. Citigroup. Retrieved December 9, 2021.
  21. ^ "Asia Society Board of Trustees Welcomes Eight New Members". asiasociety.org (Press release). Asia Society. October 28, 2021. Retrieved December 9, 2021.
  22. ^ William Laurent (September 28, 2020). "Most Powerful Women in Finance: Ida Liu, Citigroup". americanbanker.com. American Banker. Retrieved December 9, 2021. (registration required)
  23. ^ "Milken Institute Speaker Biography - Ida Liu". milkeninstitute.org. Milken Institute. Retrieved December 9, 2021.
  24. ^ 李晗 (July 10, 2021). "The legendary father-daughter members of Committee of 100. Dad is the father of venture capital, and his daughter broke through the glass and bamboo ceiling of the banking industry" 「百人會」傳奇父女檔 老爸是創投之父 女兒衝破銀行界天花板. The World Journal (in Chinese). Retrieved December 9, 2021.
  25. ^ "Peter Liu - Founder & Chairman, WI Harper Group, Board Member". pmc.com. Penske Media Corporation (PMC). 15 July 2014. Retrieved December 9, 2021.
  26. ^ Fatimah Gilliam (July 26, 2017). "July 2017 Thought Leader Spotlight – Ida Liu". theazaragroup.com. The Azara Group. Retrieved December 9, 2021.
  27. ^ "Barron's 100 Most Influential Women in U.S. Finance / 2020". www.barrons.com. Retrieved 2022-07-15.
  28. ^ "Barron's 100 Most Influential Women in U.S. Finance / 2021". www.barrons.com. Retrieved 2022-07-15.
  29. ^ "Barron's 100 Most Influential Women in U.S. Finance / 2022". www.barrons.com. Retrieved 2023-10-25.
  30. ^ "Barron's 100 Most Influential Women in U.S. Finance / 2023". www.barrons.com. Retrieved 2023-10-25.
  31. ^ "Barron's 100 Most Influential Women in U.S. Finance 2024". www.barrons.com. Retrieved 2024-03-15.
  32. ^ Amey Stone (May 18, 2021). "Top 10 Most Influential Women in Wealth Management". barrons.com. Retrieved December 9, 2021.
  33. ^ "The Most Powerful Women in Finance 2020". americanbanker.com. American Banker. September 28, 2020. Retrieved December 9, 2021.
  34. ^ Chana Shoenberger (October 6, 2021). "Most Powerful Women in Finance 2021: No. 19, Citigroup's Ida Liu". americanbanker.com. American Banker. Retrieved December 9, 2021. (registration required)
  35. ^ Ingrid Case (September 27, 2023). "The Most Powerful Women in Finance: No. 18, Ida Liu, Citigroup". americanbanker.com. American Banker. Retrieved November 10, 2023. (registration required)
  36. ^ "Notable Women on Wall Street 2021". Crain's New York Business. 2021-02-18. Retrieved 2022-11-25.
  37. ^ "Notable Women on Wall Street 2022". Crain's New York Business. 2022-11-10. Retrieved 2022-11-25.
  38. ^ "Citi Private Bank Managing Director and Head of North America Asian Clients Group, Ida Liu Named Young Global Leader by World Economic Forum". privatebank.citibank.com (Press release). Citi Private Bank. March 11, 2014. Retrieved December 9, 2021.
  39. ^ "EIHS Medalists". medalists.eihonors.org. Retrieved 2024-01-22.
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