GLOBAL TRANSACTION SERVICES NAMES JAIN REGIONAL PUBLIC SECTOR HEAD
HONG KONG - 03 December 2009 – Citi's Global Transaction Services has appointed Sanjeev Jain Regional Head of Public Sector, Asia Pacific. The appointment comes as the Global Transaction Services business continues to enhance its dedicated resources for the public sector in Asia Pacific and globally.
In this newly created role, Sanjeev will be responsible for structuring solutions, deepening relationships and developing strategic partnerships with Global Transaction Services' new and existing public sector clients. Sanjeev will report to Anthony Nappi, Managing Director, Regional Head of Global Transaction Services, Asia Pacific and Filippo Sabatini, Managing Director, Global Head of Public Sector, Global Transaction Services.
Commenting on the appointment, Nappi said: "The public sector segment is key to the strategic plans of Global Transaction Services in Asia Pacific and an area where we are seeing greater success. Under Sanjeev's leadership, I have every confidence that we will reach new heights of excellence in serving this important client group for Citi in Asia Pacific."
Prior to his new role, Sanjeev was responsible for driving the sales strategy for Global Transaction Services' public sector client segment base. Since joining Citi in 1998, Sanjeev has held positions within the Global Transaction Services business, including Regional Corporate Payments Head and a variety of key sales roles in cash management and trade in India.
Citi, the leading global financial services company, has approximately 200 million customer accounts and does business in more than 140 countries. Through its two operating units, 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 third quarter of 2009, it held on average $314 billion in liability balances and $11.8 trillion in assets under custody.