Citi Names Riko Tasmaya as Head of Transaction Services in Indonesia
Jakarta - December 10, 2012 – Citi today announced the appointment of Riko Adythia Tasmaya as Head of Citi Transaction Services (CTS) for Indonesia. Based in Jakarta, Riko assumes this role after leading Citi Indonesia’s Treasury and Trade Solutions (TTS) business since October 2010.
Citi Transaction Services is a division of Citi’s Institutional Clients Group that offers integrated cash management, trade, and securities and fund services to multinational corporations, financial institutions and public sector organizations around the world. In Asia Pacific, the CTS team provides on-the-ground relationships in 18 markets and end-to-end transaction services capabilities.
In his new role, Riko will be responsible for the operating performance, building and executing CTS’ growth strategy in Indonesia, and ensuring alignment with both its global and local businesses to maximize growth in this important market. Riko will join the CTS Asia Pacific Management team and will work alongside his colleagues and partners to further extend and deepen Citi’s product capabilities and global connectivity for Citi Indonesia.
“Riko brings tremendous experience, deep knowledge and understanding of the local financial industry, and we look forward to his leadership as we continue to build out our CTS presence and provide market-leading transaction services in the local market,” said Tigor Siahaan, Citi Country Officer for Indonesia.
Riko will lead a team that has successfully established Citi Transaction Services as an industry leader in Indonesia, bringing with him 17 years of experience with the firm. He joined Citi in 1995 as a management associate and has held various senior roles, including a two-year stint with Citi New York’s Export Agency Finance team as part of Citi’s leadership management program, Asia Pacific Fast Track; and as Deputy CFO for Citi Indonesia.
“Given the deep bench strength, we are delighted to promote from within with Riko assuming the leadership role for our business in Indonesia. As Head of Trade and Treasury Services and Chief Operating Officer for our business in Indonesia, he has been a key driver to the growth of the business, especially in trade, and has been instrumental in advocating the ‘One Citi’ value proposition across the Indonesia franchise. We believe that under his leadership and with a strong local team, we are committed to reaffirming and growing Citi’s dominant position in transaction banking in the country,” said Amol Gupte.
“As one of the 16 priority emerging countries, Indonesia is in a very strong position to offer tremendous opportunities to Citi and its clients. With our long-standing history in Indonesia and strong client base, we can continue to bring excellent value proposition, innovative products and services, then marry the CTS global network, expertise and state-of-the-art platform to support Citi Indonesia’s clients to capture these opportunities,” said Riko.
Riko holds an MBA from the University of Chicago. He succeeds Sanjeev Jain, who joined Citi Indonesia as Head of CTS in 2011.
Citi, the leading global bank, 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 Citi Transaction Services
Citi 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 95 countries, Citi’s Transaction Services supports over 65,000 clients. As of the third quarter of 2012, it held on average $415 billion in liability balances and $12.8 trillion in assets under custody.