Citi Appoints New Heads in APAC Trade and Treasury Solutions Business
(18 September 2023 - Asia) Citi has announced a new head of APAC Trade and Working Capital Solutions (TWCS) and a new APAC head of Commercial Cards, effective immediately.
Sumanta Panigrahi (Sumo) has been appointed as Asia Pacific Head of Trade and Working Capital Solutions (TWCS) at Citi, based in Hong Kong and effective immediately. In this role, he will be responsible for working with Citi’s regional client, product, and country business partners to grow the TWCS business in Asia and continue to deliver Citi’s global product capabilities to clients even more effectively. Asia Pacific continues to be an important region for the TWCS business and Citi is focused on growing its business and market share amongst its corporate and commercial bank clients.
He will report to Chris Cox, Global Head of TWCS at Citi and Rajesh Mehta, Citi’s Asia Pacific Head of Treasury and Trade Solutions.
Thus De Silva has been appointed as Asia Pacific Head of Commercial Cards at Citi, based in Singapore effective immediately. In this role, which he has held on an interim basis since 2022, Thus will continue to be responsible for driving growth with Asia clients across the market network, as well as pioneering innovative Business to Business (B2B) flows and continuing to enhance the Travel and Expense proposition. He will also have the critical task of ensuring exemplary client experience in all client segments, as Citi continues to grow and invest in its Asia commercial cards business.
Thus will report to Gonca Latif-Schmitt, Global Head of Commercial Cards at Citi, and Rajesh Mehta, Citi’s Asia Pacific Head of Treasury and Trade Solutions.