Citi Hires Ex-EY Partner for Asia Digital Payments
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Citi has hired a former partner from Ernst & Young to lead the upcoming launch of a new digital payment solution in the region.
James Lloyd joins the treasury and trade solutions (TTS) unit as its Asia Pacific head of Spring by Citi – upcoming digital payments offering – according to an internal memo.
In his Hong Kong-based role, Lloyd reports to Sanjeev Jain, APAC head of payments and receivables, TTS, and Anupam Sinha, global head of domestic payments and Receivables, TTS.
Lloyd joins from EY where he was a partner within the strategy and transactions practice, leading the firm’s dedicated regional fintech capabilities and serving as APAC leader for its global payments practice.
Spring by Citi
The Spring by Citi offering aims to help corporate and institutional clients reach end-customers by enabling digital payments across preferred methods, be it credit cards, instant payments or digital wallets.
The offering is scheduled for launch in the fourth quarter this year starting with Singapore, Australia and Hong Kong before adding more markets in 2022.
A spokesperson for the bank confirmed the new appointment.
Questions & Answers
Q.What is the primary purpose of Spring by Citi for its clients?
What is the primary purpose of Spring by Citi for its clients?
Spring by Citi aims to help corporate and institutional clients reach their end-customers. It does this by enabling digital payments across various preferred methods, including credit cards, instant payments, and digital wallets, streamlining transaction processes for businesses in the region.
Q.When and where will Spring by Citi initially launch?
When and where will Spring by Citi initially launch?
The Spring by Citi offering is scheduled to launch in the fourth quarter of this year. The initial markets for its introduction will be Singapore, Australia, and Hong Kong, with plans to expand into additional markets during 2022.
Q.Who will James Lloyd report to in his new role at Citi?
Who will James Lloyd report to in his new role at Citi?
In his Hong Kong-based role, James Lloyd will report to Sanjeev Jain, who is the APAC head of payments and receivables within Citi's treasury and trade solutions (TTS) unit. He also reports to Anupam Sinha, global head of domestic payments and receivables for TTS.
Q.What was James Lloyd's previous experience before joining Citi?
What was James Lloyd's previous experience before joining Citi?
Before joining Citi, James Lloyd was a partner at EY within their strategy and transactions practice. He led the firm’s dedicated regional fintech capabilities and served as the Asia Pacific leader for its global payments practice.
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