Citi Names APAC Trade Head
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Citi’s treasury and trade solutions unit promotes its former head of trade finance for Asia Pacific to lead the region’s trade unit. Citi Treasury and Trade Solutions (TTS) appoints Kanika Thakur as its Asia Pacific trade head, effective immediately, according to a statement. Thakur succeeds Vishal Kapoor was named head of TTS for Citi Hong Kong in May this year.
In her Hong Kong-based role, Thakur reports to Rajesh Mehta, APAC TTS head and Ebru Pakcan, global head of trade.
A career Citi banker, Thakur joined in 2001 as a management associate in India. Since then, she has also worked in Hong Kong and Singapore within trade across roles such as sales and structuring, product management, and distribution. Prior to her latest appointment, Thakur was the APAC head of trade finance.
According to the statement, Thakur takes on the role amidst a «new operating environment» of evolving needs such as «shifts in trade flows, reconfiguration of supply chains and [the] advent of new technologies».
In addition to maintaining our market leadership [in the trade business, Thakur] will also be responsible for charting the course of our future business model in a rapidly changing environment, said Mehta.
Citi’s trade business generated high single-digit growth in 2019 and has also seen an uptick in activity this year amidst an economically challenging environment, the statement added.
Questions & Answers
Q.Who did Kanika Thakur replace as Asia Pacific trade head?
Who did Kanika Thakur replace as Asia Pacific trade head?
Kanika Thakur replaced Vishal Kapoor in this role. Kapoor was named head of Treasury and Trade Solutions for Citi Hong Kong in May this year, vacating the APAC trade head position.
Q.What are Kanika Thakur's reporting lines in her new role?
What are Kanika Thakur's reporting lines in her new role?
In her Hong Kong-based role, Kanika Thakur reports directly to Rajesh Mehta, who is the APAC TTS head. She also reports to Ebru Pakcan, the global head of trade for Citi.
Q.What is the new operating environment that Kanika Thakur will be addressing?
What is the new operating environment that Kanika Thakur will be addressing?
She takes on the role amidst evolving needs, including shifts in trade flows, the reconfiguration of supply chains, and the advent of new technologies. Her remit includes charting the future business model in this changing environment.
Q.How has Citi's trade business performed recently?
How has Citi's trade business performed recently?
Citi's trade business achieved high single-digit growth in 2019. It has also seen an increase in activity this year, despite the prevailing economically challenging environment, according to the statement.
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