Citi Treasury and Trade Solutions has been awarded four major mandates in Asia Pacific. All four mandates cover multiple markets in Asia Pacific, reconfirming Citi’s standing as the leader in providing complex and regional solutions to the world’s leading corporates.
The four mandates awarded to Citi’s Treasury and Trade Solution business are as follows:
– ABB for regional liquidity management
– Avago Technologies reaffirmed its global cash management mandate in 22 markets
– SABIC Asia Pacific Pte Ltd for corporate cash management and trade in Asia Pacific
– ST-Ericsson for regional cash management in nine markets
All clients will take part in official signing ceremonies recognizing their partnership with Citi at the EuroFinance International Cash, Treasury and Risk for Finance Professionals event in Asia in Singapore. The official signing ceremonies will take place at 11:00 AM on May 12 and May 13 at Citi’s booth at the EuroFinance conference in Singapore.
“We are proud to partner with these leading corporates as they look to further enhance their cash management and trade processes,” says Ivo Distelbrink, Asia Pacific and Japan head of treasury and trade solutions. “When world class companies look for a regional banking partner across Asia for their working capital and treasury management needs they continue to turn to Citi for our ability to innovate, partner and provide on-the-ground services across the region and the globe.”
D.C.