(20 June 2024 – Japan) Citi announced the launch of Citi Commercial Bank (CCB) in Japan, part of the group’s strategy to launch CCB in key growth markets across specific clusters to grow at scale.
Citi Japan CCB will focus on supporting middle market enterprises in Japan through every stage of their growth journey by offering clients products and solutions that meet their strategic needs, while leveraging the power of Citi’s broad global network with a presence in over 90 countries. These solutions include trade and working capital, treasury and liquidity management, global markets capabilities, capital markets solutions, and advisory services.
Citi recently appointed Yutaka Naito as Head of CCB for Japan. In this role, Yutaka will oversee CCB’s business and operations in the country. He is responsible for driving the growth of the business, its financial performance, and building new client relationships.
“Citi is dedicated to supporting mid-sized companies with their growth journey. Japan is home to many new and innovative companies, with global linkages and cross-border business needs. Playing to our strengths through our global network, Citi is well positioned to support the business ambitions of these companies. Our expansion into Japan reaffirms our commitment to serving the Japanese market and its companies and underlines the importance of the market for our global commercial banking strategy” commented CCB Head of Japan, Asia North & Australia, and Asia South, Gunjan Kalra.