Citi Announces Expanded Role for Munir Nanji in Global Transaction Services in Asia Pacific
Hong Kong - November 17, 2011 – Citi’s Global Transaction Services (GTS) today announced its appointment of Munir Nanji to take over the combined responsibility as the Regional Head for Bank Services Group (BSG) Asia Pacific and Public Sector for GTS. Currently the Regional Head of BSG, Munir already has responsibility for managing the BSG business in 18 markets across Asia Pacific, driving team performance, and enhancing both customer and employee satisfaction levels for Citi’s BSG business in this region.
In his new role, Munir will continue to build on synergies that support structuring solutions, deepening relationships and developing strategic partnerships with Global Transaction Services’ new and existing public sector clients, including central banks, sovereign wealth funds and pensions. Munir will also have the 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.
Based in Hong Kong, Munir will continue to report to Anthony Nappi, Managing Director, Region Head, Asia Pacific, Global Transaction Services, and to Bharat Sarpeshkar, Managing Director, Global Head of BSG.
Commenting on the appointment, Anthony Nappi, Region Head, Asia Pacific for Citi’s Global Transaction Services, said: "Asia Pacific has been a huge growth engine for the continual success of Citi’s Bank Services Group and the public sector segment is key to the strategic plans of Global Transaction Services in the region. With Munir’s wealth of experience, I have every confidence that we will lead a transformation to reach new heights of excellence in serving these important client groups for Citi in Asia Pacific."
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.
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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, Citigroup’s Global Transaction Services supports over 65,000 clients. As of the third quarter of 2011, it held on average $365 billion in liability balances and $12.5 trillion in assets under custody.