Citi Names Regional Trade Services Head for Asia Pacific
Hong Kong - February 7, 2013 – Citi Transaction Services today announced the appointment of Stephen Chua as Regional Trade Services Head for Asia Pacific. Based in Singapore, Stephen will be responsible for the Trade Services business for the region where he will further establish Citi’s strong leadership position in its trade product offering and innovation. Stephen is also responsible for the trade product suite of the Bank Services Group segment in the region.
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 Citi Transaction Services team provides end-to-end transaction services capabilities through on-the-ground relationships in 18 markets.
“Stephen brings more than 25 years of valuable banking experience across consumer, corporate banking, corporate finance and debt restructuring, in addition to his vast experiences in transaction services, which for the last 12 years have been dedicated to trade. We look forward to his leadership as we continue to build out our trade presence and provide market-leading solutions to our clients in this region,” said Sanjay Tandon, Regional Head, Trade, Asia Pacific for Citi Transaction Services.
Stephen started his career with Citi in 1990 in the consumer bank, working as a relationship manager for CitiGold and CitiBusiness. Within Citi Transaction Services, Stephen has served in various leadership roles, including the Sales Head of Treasury and Trade Solutions in Singapore and Supply Chain Sales Lead for the region and most recently as the Regional Head for Export Letter of Credit as well as Financial Institution Trade. Among his most noticeable accomplishments is the successful creation and management of the Asia Trade Hub Singapore which continues to be a pivotal point for trade transaction routing and financing.
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 Transaction Services supports over 65,000 clients. As of the fourth quarter of 2012, it held on average $428 billion in liability balances and over $13.2 trillion in assets under custody.