Citigroup Inc to focus on its strengths in TaiwanTaipei Times (TT): What is your view on the sale of Taiwan’s consumer banking businesses to DBS? Citi Asia-Pacific chief executive officer Peter Babej: It was a difficult decision, but the right decision in the long term for our business, our people and the firm. If we look 10 or 20 years down the road, we are not the best owner, because we cannot put as much into the local consumer franchise as some other institutions that are more focused on this side of the business. We are very happy that close to 3,000 of our colleagues ended up with DBS. By Crystal Hsu
