InmanyChinesecompanies, shecontinues, an overseasPostingis seen as an opportunityto proveoneself, andthesuggestion by headquarters to go abroad is not easily refused.
Corbat has worked at Citigroup since graduating from Harvard in 1983, and before his overseasposting, Corbat led Citi Holdings, overseeing the divestiture of more than 40 businesses.
After posting a 4.3% loss on its overseas portfolio in 2011, the fund earned a 10.6% return on the portfolio last year, which came in a year when global markets were broadly higher.