Naveed Sultan has been appointed global head of treasury and trade solutions at Citi, reporting to global transaction services (GTS) CEO Francesco Vanni d’Archirafi. He will manage Citi’s cash management and trade services business with reported revenues of $7.2bn in 2010.
As a part of its continuing effort to grow its franchise, GTS will also make changes in the way it manages the developed and emerging markets in Europe, Middle East and Africa, among other efforts. The region will be split into two segments: Western Europe, under the continued management of Aidan Brady; and Central and Eastern Europe, Middle East and Africa under the leadership of Elias Panayotopoulos.
“This new structure will enable GTS EMEA to pursue a differentiated strategy and approach to the developed and emerging markets, and leverage Aidan and Elias’ extensive experience in these geographies,” said a spokesman.