Citis Global Transaction Services has announced that Naveed Sultan has been appointed global head of Treasury and Trade Solutions reporting to Global Transaction Services CEO Francesco Vanni dArchirafi.
Sultan will manage Citi’s cash management and trade services business with reported revenues of $7.2 billion in 2010.
As a part of its continuing effort to grow its franchise, GTS will also make changes in the way it manages the developed and emerging markets in Europe, Middle East and Africa, among other efforts.
The region will be split into two segments; Western Europe, under the continued management of Aidan Brady and Central and Eastern Europe, Middle East and Africa under the leadership of Elias Panayotopoulos. This new structure will enable GTS EMEA to pursue a differentiated strategy and approach to the developed and emerging markets, and leverage Aidan and Elias extensive experience in these geographies.
Citis Global Transaction Services is embarking on the next level of growth and is positioned to capture further opportunities by focusing on the emerging markets, increasing wallet share in key client segments and their global supply chain ecosystems, and tapping into new opportunities in cities with digital solutions and enterprise-wide services in collaboration with other parts of Citi.
We have defined the next critical steps to make us more client-centric, relevant and able to deliver client excellence as a globally connected business, said Francesco Vanni dArchirafi, CEO of Citis Global Transaction Services. “Naveed has done an exceptional job heading our transaction services business in Europe, Middle East and Africa for the past four years, and has positioned GTS EMEA strategically for medium- to long-term growth. As an 18 year veteran of Citi, we look to him to continue our long established track record of excellence driven by innovation, client service and financial performance across treasury and trade.”
(LB)