Citi elevates Pakcan to European treasury and trade head

Citi names new head of treasury and trade solutions for the EMEA region as Rajesh Mehta moves role.
By Paul Walsh
Citi has appointed Ebru Pakcan as head of treasury and trade solutions for Europe, the Middle East and Africa (EMEA).

Pakcan takes over the role from Rajesh Mehta, who was recently named regional head of treasury and trade solutions for the Asia-Pacific region.

Pakcan will be responsible for leading and developing the EMEA treasury and trade solutions franchise and driving business throughout the region.

In her new role, Pakcan will report to Jim Cowles, EMEA CEO, and Naveed Sultan, global head of treasury and trade solutions.

“The treasury and trade solutions business is one that continues to show growth in revenue and operating margin on a year over year basis and it is essential that we focus on ensuring that this trend continues,” said Sultan.

“With Ebru’s deep understanding of the business itself, as well as her experience and knowledge of the industry as a whole, she will play an instrumental role to the continued growth of the EMEA franchise.”

Prior to her new role, Pakcan was global head of treasury and trade solutions payments and receivables, originally based in New York and more recently, London. She joined Citi in 1997 as an IT project manager in Turkey and in 1999 was appointed head of IT project management for the country.

She became head of custody and clearing for Global Transaction Services (GTS) in 2001.

In 2004, Pakcan became GTS EMEA head of cash management implementation prior to being appointed EMEA head of payments in 2008.