MUNIR NANJI NAMED ASIA PACIFIC BANK SERVICES GROUP HEAD
HONG KONG - March 2, 2010 – Citigroup's Global Transaction Services has named Munir S. Nanji to the role of Managing Director, Regional Head, Bank Services Group (BSG), Asia Pacific and Japan. Based in Hong Kong, Munir will report to Anthony Nappi, Managing Director, Regional Head of Global Transaction Services, Asia Pacific, and to Bharat Sarpeshkar, Managing Director, Global Head of BSG.
Effective immediately, Munir will assume responsibility for managing the BSG business in 18 markets across Asia Pacific. In his new role, Munir will also be responsible for driving team performance, and enhancing both customer and employee satisfaction levels for Citi's BSG business in this region.
Under Munir's leadership, the Citi's BSG business will continue to build on synergies that support and develop deep relationships with regional financial institutional clients. He will also take responsibility for providing financial institution clients with Citi's market-leading and innovative products and solutions. As part of his role, Munir will also ensure that clients in Asia Pacific will better leverage Citi's global capabilities, platforms and infrastructure to drive revenue performance and enhance service quality.
Prior to his new position, Munir served as Citi's Trade Head for Africa and the Head of Global Transaction Services for Nigeria/West and Central Africa. For Citi, Munir has also held an array of senior roles including Head of Global Transaction Services for several markets in Central Europe.
Commenting on the appointment, Nappi said: "Asia Pacific has been a huge growth engine for the continual success of Citi's Bank Services Group. With his wealth of experience and broad understanding of the international banking sector we are very confident that Munir will lead this business to new heights."
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.