The lending platform at the bank is an "essential part" of its strategy, the head of its wealth business said.

Citigroup has appointed former senior Goldman Sachs figure Anne McCosker as head of lending for the US bank’s wealth business. 

Previously, McCosker worked for nine years at Goldman Sachs, most recently as global head of private bank lending and origination.  

“Our lending platform is an essential part of our strategy and has long been a critical service that we provide for sophisticated clients with complex and global needs. Anne is an innovative and versatile industry leader in the credit, lending and deposits businesses who will advance this effort. She brings a strong track record running end-to-end lending and deposits businesses, leading teams and implementing growth strategies across multiple geographies,” Andy Sieg, head of wealth, said according to a memo seen by this news service. 

McCosker joined Goldmans in 2015 as head of Asia private international lending and deposits, before becoming chief operating officer for the global private bank, and co-head of the US private bank, and then co-head of the global private bank. She has also worked at Barclays Wealth and Investment Management, and for ANZ in Australia.

The new appointment takes effect from January; McCosker will be based in New York. Until then, Gaston Echeverria is acting as interim head of lending.