Published On: Wed, Apr 18th, 2012

Citi appoints Amol Gupte Head of Transaction Services for Asia

Amol Gupte, Head of Transaction Services Asia, Citi

Amol Gupte, Head of Transaction Services Asia, Citi

Citi has appointed Amol Gupte as Citi Transaction Services (CTS) head for the Asia Pacific region, effective May 1. Amol will be based in Hong Kong and will report to Rodrigo Zorrilla, Citi Chief Operating Officer Asia Pacific and Francesco Vanni d’Archirafi, CEO CTS.

In this new role, Amol will become a member of the CTS Executive and Management Committees as well as the Asia Pacific Executive and Operating Committees.

A 23-year Citi veteran, Amol is currently the head of Citi’s treasury and trade solutions for the North America region. Prior to assuming that role in April 2008, Amol has held numerous positions in CTS, including head of Cash Management for North America; head of Payments for EMEA; head of Cash Management for Western Europe as well as head of Transaction Services for Citi India sub-continent. Before joining CTS, Amol was with Citi’s consumer bank in India and held roles in sales, product management and treasury.

Amol succeeds Anthony Nappi who was recently promoted to Chief Administrative Officer for Citi Asia Pacific.

“Amol brings a wealth of experience across both emerging and developed markets and his knowledge and leadership will help to further build on the excellent momentum in our Asia Pacific transactions services business,” said Rodrigo Zorrilla.

Citi Transaction Services offers integrated treasury and trade solutions and securities and fund services to multinational corporations, financial institutions and the public sector around the world.

Leveraging the industry’s largest proprietary network, spanning over 95 countries, Citi is well positioned to help companies with their local and international cash management needs in Asia Pacific. In 2011 Citi Asia Pacific Transaction Services was the largest regional contributor to the bank’s CTS business globally, reporting revenues of US$2.9 billion and net income of US$1.2 billion. In the first quarter of 2012 Citi Transaction Services reported revenue up 8% to US$757 million and net income of US$302 million, up 7%.

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