SRIDHAR KANTHADAI NAMED ASIA PACIFIC TREASURY AND TRADE SOLUTIONS HEAD
HONG KONG - February 11, 2010 – Citi’s Global Transaction Services has named Sridhar Kanthadai to the role of Managing Director, Regional Head of Treasury and Trade Solutions, Asia Pacific and Japan. Effective immediately, Sridhar will be responsible for the strategic direction, product development and management of cash management and trade services and finance for Citi's Treasury and Trade Solutions. In his new role, Sridhar will also be responsible for sales and client management across 18 countries in Asia Pacific.
Under Sridhar's leadership, Citi's Treasury and Trade Solutions business will continue to build on synergies between cash management and trade services and finance. He will also take responsibility for leading the continual development of Citi's market-leading financial supply chain solutions.
Sridhar will be based in Hong Kong and will report to Anthony Nappi, Managing Director, Regional Head of Global Transaction Services, Asia Pacific, and to Paul Simpson, Managing Director, Global Head of Treasury and Trade Solutions.
Prior to his new role, Sridhar was the Hong Kong-based Chief Operating Officer for Global Transaction Services, Asia Pacific. For Citi, he has also held senior roles as Regional Head of Receivables and Regional Head of Liquidity and Investments within the Asia Pacific cash management business. A 20-year veteran of the banking industry, Sridhar has also worked for Citi in a variety of business management, product and market management, sales and technology roles in Hong Kong, India and Singapore.
Commenting on the appointment, Simpson said: "Sridhar's vast experience and industry knowledge speaks for itself and I am 100% confident that our Asia Pacific Treasury and Trade Solutions business will continue to deliver world-class results under his leadership. Throughout his career at Citi, Sridhar's leadership, understanding of regional and global markets has been truly exceptional and we will look to him to drive the passion of excellence that is the hallmark of our business."
Citi, the leading global financial services company, has approximately 200 million customer accounts and does business in more than 140 countries. Through Citicorp and Citi Holdings, Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management. Additional information may be found at www.citigroup.com or www.citi.com.
About Global Transaction Services
Global Transaction Services, a division of Citi's Institutional Clients Group, offers integrated cash management, trade, and securities and fund services to multinational corporations, financial institutions and public sector organizations around the world. With a network that spans more than 100 countries, Citi's Global Transaction Services supports over 65,000 clients. As of the fourth quarter of 2009, it held on average $335 billion in liability balances and $12.1 trillion in assets under custody.