The two former relationship managers were criminally charged last Thursday for allegedly facilitating the movement of illicit funds by several China-born individuals involved in Singapore’s largest-ever money laundering case.
Less than two years out of college, Wang Qiming was making waves within Citibank Singapore by bringing in millions in deposits from his rich clients.
At Swiss private bank Julius Baer in Singapore, Liu Kai was riding high. The young executive director was the envy of rivals that were trying to win more business from wealthy Chinese customers, and he was poached by another bank in 2022.
