Citi Appoints Tim Tynan as Head of Transaction Services in Japan
Citi Brings Senior Talent to Key Market for Citi Transaction Services
Tokyo, Japan - September 19, 2012 – Citi has appointed Tim Tynan the Head of Transaction Services for Citibank Japan Ltd., effective September 3, 2012. In this capacity, Mr. Tynan will lead the Citi Transaction Services (CTS) business in Japan and will be responsible for Citi’s Japanese and multinational clients by leveraging Citi’s cross-border network and experience. His responsibilities include supporting Japanese clients as they expand globally as well as in the local market. He will be based in Tokyo and will continue to be a member of the global CTS Executive and Management Committees.
Prior to this role, Mr. Tynan was the Chief Operating Officer for Citi Transaction Services based in New York. He joined Citi in 2001 from IBM and has been with CTS since 2008.
“Japan is strategically important to Citi. Moving one of our most senior Transaction Services executives to Japan underscores our commitment to our global and Japanese client base. Given Tim’s experience, I have no doubt he will successfully lead the business to support the needs of our corporate, financial institution and public sector clients in Japan and from across the globe who have operations and critical supply chain links, both internationally and in the country,” said Francesco Vanni d’Archirafi, Chief Executive Officer, 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 second quarter of 2012, it held on average $396 billion in liability balances and over $12 trillion in assets under custody.
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.