Citi Appoints New Head of Transaction Services for Hong Kong
Hong Kong - March 26, 2013 – Citi today announced the appointment of Philippe Jaccard as Country Head of Citi Transaction Services for Hong Kong, reporting to Amol Gupte, CTS Regional Head for Asia Pacific and Weber Lo, CEO and Citi Country Officer Hong Kong.
As country head, he will be responsible for the operating performance, building and executing CTS’ growth strategy and ensuring alignment with both its global and domestic businesses to maximize growth.
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.
Jaccard was most recently CTS Asia Pacific Head of Liquidity and Investments and has been instrumental in managing the liquidity management products strategy and execution for Citi in the region the past few years. During his tenure, he has also successfully developed innovative liquidity structures for Citi’s corporate clients in Asia, doubling the book of operating account deposits.
Jaccard started his career with Citi Singapore in 2000 in a business development role. In 2002, he led Citi’s Treasury Services business before taking up the Head of Liquidity and Investment role in 2007. He joined Citi from Cargill where he has held a variety of positions in North America, Europe and Asia. Jaccard holds an MBA in Finance from the University of Chicago.
“Philippe brings a wealth and variety of expertise and experience to his new role, and we look forward to his leadership as we focus on building out our transaction services footprint in Hong Kong,” says Amol Gupte, Region Head for Citi Transaction Services Asia Pacific.
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. In 2012, Citi held on average $428 billion in liability balances and $13.2 trillion in assets under custody.