Benny Aroeman has joined Citi as head of markets for Indonesia in a push to bolster the firm’s client solutions and markets business.
Aroeman brings more than 30 years of industry experience to his new role, largely covering the delivery of derivatives, structured products and risk management solutions to Indonesian clients.
His new role aligns with an increased focus on markets in the South Asia region, and will see him reporting to Sue Lee, head of markets for Asia South, and Batara Sianturi, Citi country officer and banking head for Indonesia.
Speaking to the appointment, Sianturi said: “We see client activity increasing across our interconnected businesses as foreign and domestic investments into Indonesia continue to strengthen. Our clients will greatly benefit from Benny’s insights and expertise.”
He joins Citi from ANZ Indonesia, where he held the position of head of markets for Indonesia from February 2019 to February 2025.
Prior to this, Aroeman was head of sales for treasury and markets at DBS Bank in Indonesia for 12 years.
He has also served as deputy head of corporate sales for global markets for HSBC Indonesia and at Deutsche Bank Indonesia as part of a senior sales corporate coverage group for global markets.
“We have a strong commitment to deliver market leading solutions to our Indonesian clients, and Benny’s appointment underscores this commitment,” said Sue Lee.
“He brings an impressive track record and deep market expertise, and I am confident that under his leadership, we will accelerate growth in Indonesia for our clients.”
Aroeman’s appointment follows a string of hires for Citi’s markets business in recent months. In May 2025, the firm hired Andrew Bruce, Christian Ford and Nicolas Lebon into its Australian markets team, as part of a drive to expand its offering in the region. The appointments also saw the internal promotion of Dan Smith, who is set to take over as head of Australia, prime finance in the equities business.
Additionally, Citi named Christopher Chang as its new head of markets solutions for financial institutions for Asia South and Asia North in April 2025, effective in July.