Citi APAC bolsters treasury and trade solutions team
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Citi APAC bolsters treasury and trade solutions team 14 December 2020Hong Kong Reporter: Maddie Saghir
Image: Sanjeev Jain [left] and Scott Southall
Citi Asia Pacific (APAC) treasury and trade solutions (TTS) has appointed new leadership responsibilities to Sanjeev Jain and Scott Southall, members of the business’ management team in the region, effective immediately.
Jain has been appointed APAC head of payments and receivables, in addition to his current role as APAC head of digital channels and data.
He is also regional product head for TTS commercial banking and regional head of implementations and is in the process of transitioning out of these two roles.
As head of payments and receivables, Jain will have oversight of a key strategic and fast-evolving business for Citi given the advent of digital payments and collections in the region.
In his new role, Jain will also be responsible for the upcoming launch of Spring by Citi – TTS’ digital consumer payments business for corporates – in APAC.
As APAC head of digital channels and data, Jain has oversight of product development and the management of Citi’s digital services. He joined Citi in 1998 in cash management operations in India and went on to hold various positions in sales across cash management and trade.
In 2005, he relocated to Hong Kong as global payments product manager for corporate and public sector clients in APAC, and in 2009, he was appointed regional head of public sector for Citi’s global transaction services business.
Meanwhile, in addition to his role as cluster head for TTS Australia and New Zealand, Southall now has oversight of innovation for APAC as well as TTS’ commercial cards business in the region.
Based in Sydney, Southall’s new regional responsibilities recognise his background in both commercial as well as retail cards and his commitment to driving TTS’ innovation priorities.
As cluster head for TTS Australia and New Zealand, Southall is responsible for managing the business end-to-end across both markets.
Southall joined Citi in this role in April 2011, having moved from Westpac Banking Corp where he was head of global transactional banking before he later became general manager for deposits, cards and merchant acquiring.
From 1996 to 2006, he worked with KPMG Consulting (BearingPoint) where he was a partner. Southall is also one of the founding board members of the New Payments Platform (NPP) in Australia and EFTPOS Australia (EPAL).
In their new roles, both Jain and Southall will continue to report to Rajesh Mehta, APAC head of TTS.
“Sanjeev and Southall bring a wealth of experience in TTS to their respective new responsibilities,” said Mehta.
“As we embrace an increasingly digital future and continue to transform our business to be the platform of choice for digital commerce, I am confident that Jain and Southall’s foresight and leadership will lead us to greater success in the region.”
Also in Hong Kong recently, Citi has been appointed by Sun Life Asset Management as trustee, custodian, fund administrator and transfer agent for the Sun Life AM Hong Kong environmental, social and governance (ESG) index fund.
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Image: Sanjeev Jain [left] and Scott Southall 