Ida Liu Explained

Ida Liu
Image Upright:yes
Birth Place:Orinda, California, U.S.
Nationality:American
Education:Wellesley College (BA)
Wharton School of the University of Pennsylvania (Merrill Lynch MBA)
Occupation:Banking executive
Global Head of Citi Private Bank
Children:2

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

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

Early career

Liu started her career in 1998 as a mergers & acquisitions investment banker at BT Wolfensohn, now part of Deutsche Bank. She joined Merrill Lynch's investment bank in 1999[6] and worked in both New York and Hong Kong, focusing on China and Taiwan deals in the technology, media and telecom sectors.[7] In 2004, Liu was appointed Global Head of Sales, Marketing and Business Development at womenswear designer Vivienne Tam.[8] During her tenure, she launched the Vivienne Tam Dress line, and established flagship stores in China.[9]

Citi Private Bank

Liu began her career at Citi Private Bank in 2007 by launching and heading the Fashion, Retail and Entertainment Group.[10]

In 2011, she founded Citi Private Bank’s newly formed North America Asian Clients Group[11] [12] [13] before becoming Global Market Manager for New York in 2016.

In 2019, she was promoted to head the Private Bank in North America.[14] In 2021, Liu was appointed Global Head of Private Banking.

Diversity and inclusion

Liu is an advocate for diversity, inclusion and gender equality in the workplace.[15]

She serves on Citi’s Asian Heritage Affinity, becoming its Co-Lead in November 2021[16] and she has spoken at the Milken Institute Global Conference on inclusivity for the Asian American and Pacific Island heritage (AAPI) community.[17]

Liu is also a member of the Citi Women Steering Committee, a company-wide effort that is “designed to attract, develop, advance and retain female talent at all levels of the company.”[18] She also serves as Chair of the Citi Women’s International Women’s Day celebrations globally.[19]

External board memberships

Liu is a trustee and board member of the Asia Society.[20]

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

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.[21]

She is also a member of The Committee of 100 and Young Presidents' Organization.[22]

Personal life

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.[23] [24]

She is married with two children.[25] [26]

Awards and honors

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.[38]

Liu received the Citi Chairman's Council Award for six consecutive years as one of the firm’s top performers between 2007 and 2014.[39]

In 2023, Liu was presented with an Ellis Island Medal of Honor.[40]

Notes and References

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

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