Citi’s Global Transaction Services Launches Aspirations Program for Women in Asia
Hong Kong - June 7, 2011 – Citi’s Global Transaction Services (GTS) has launched its first career development program designed for women in Asia: the Aspirations program. Part of a career and talent development program for its Global Transaction Services business called "Power of 3: Empower", Citi continues to strive to help female employees meet their career goals.
In coordination with Citi’s Learning and Development team in Manila and with the support of volunteers from GTS who gave up their time to make this program a great success, the GTS Aspirations program is a new initiative to reinforce GTS’ tradition of empowering female employees.
Anthony Nappi, Region Head, Global Transaction Services, Asia Pacific, said, "Today, women are an important pillar of Citi’s GTS business in Asia, with 31 percent of Managing Director positions already held by women, the most of other Citi departments in the region. As a business, GTS hopes to increase this percentage even further with the Aspirations program."
The Aspirations program will provide female employees at Citi extra opportunities to contribute directly to key business development opportunities and demonstrate their capabilities. The program received over 50 applications, from which 25 participants were selected. To launch the program, an exclusive three-day training session was held in Singapore, where senior management from Citi’s Global Transaction Services business shared their insights into how to develop their careers and be successful at Citi with program participants. These insights included the importance of thinking innovatively, a dedication to customer service, and a commitment to understanding and predicting market changes. Specific training programs designed to help attendees fast track their careers, including innovation training, personal leadership and team strategy dynamics, also took place during the session.
Dianne Challenor, Chief Operating Officer for Citi’s Global Transaction Services in Asia Pacific, said, "With Citi’s operations in over 100 countries globally and 18 markets across Asia, promoting diversity has always been central to our success. As part of this, we are proud of and committed to supporting women in the workplace and helping to further their careers through programs such as GTS Aspirations."
The next stage of the program divides the participants into teams and assigned a project identified by the GTS Management Committee as a key project for growing the GTS business in Asia Pacific.
Teams will have until October to familiarize themselves with their project, analyze the opportunities it presents, and develop a compelling business case and execution plan to present to the GTS Management Committee as part of their graduation from GTS Aspirations.
Citi, the leading global financial services company, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. 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.
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 2010, it held $353 billion in liability balances and $12.6 trillion in assets under custody.