Citi has promoted Deven Somaya and Kirstin Renner (pictured) within its treasury and trade solutions (TTS) business.
Somaya has been named global head of emerging commerce solutions, while Renner has been appointed head of TTS for Australia and New Zealand. They both report to Rajesh Mehta, head of TTS APAC.
Somaya has more than 20 years of experience in the industry, all of which has been spent at Citi. Most recently, he was the interim head of the ASEAN and Singapore TTS division, before which he was TTS product head for Singapore.
In the new role, Somaya works with clients and ecosystem partners to develop new commercial solutions and opportunities. This includes the incubation of new business opportunities across TTS groups and client segments, with the goal of unlocking long-term strategic value.
Based in Singapore, he reports to Biswarup Chatterjee, TTS global head of partnerships and innovation, in addition to Mehta.
Renner holds more than 15 years of experience in the financial industry, the majority of which has been spent at Citi.
She has headed core cash product in Australia and New Zealand for the past five years, prior to which she maintained a number of senior roles including head of implementation and channel product and chief operation officer.
Continuing to be based in Sydney, Renner is now responsible for the business strategy and growth of TTS’ Australia and New Zealand division.
The appointments follow Citi’s addition of Anoushka Dua and Vandana Bhatter to the ASEAN TTS business as the company seeks to expand its operations in the region.
