Citi reshuffles regional cash team

Citi Global Transaction Services has announced three senior appointments in Asia which the bank says reflects its strong business growth in the region. Manash Dasgupta, Andrew Ong and Catherine Leung have been promoted as directors and senior regional cash management sales consultants based in Hong Kong, Singapore, and China, respectively.

The trio will be responsible for developing regional and global treasury management solutions for Asia-based subsidiaries of global multinational corporations and Asian multinationals.

Dasgupta has over 15 years of transactional banking experience with Citi and other regional banks, during which he has held various regional management roles in cash management, e-commerce product development and business development. His most recent job was as GTS regional client delivery product manager (e-commerce product development) with Citi.

Ong’s last position was regional liquidity and investment product manager at Citi. His treasury and cash management career spans more than 17 years, the majority of which have been spent in structuring solutions for multinational corporations.

Catherine Leung relocates to Shanghai in a new role where she will be responsible for cash management sales to the bank’s Chinese conglomerate clients. Leung has over 15 years of banking experience in cash management sales, relationship management and corporate finance for large industrial firms in the region. In her last position she worked in GTS regional cash sales.

Ivo Distelbrink, regional cash and trade sales head at Citi, says the bank continues to create new sales positions both at the regional and country level. "Asia-Pacific is a high-growth region for Citi in cash and supply-chain management. We are seeing significant levels of activity from particularly Asian multinationals as they become more sophisticated in their treasury management requirements."