Citigroup boosts trade finance team

The bank poaches Standard Chartered''s commodity finance head and creates a new SME client management role.

Citigroup has boosted its trade finance team with the announcement of two new appointments. Seshan Chathapuram has been lured from Standard Chartered to head commodity trade finance and Lirranna Sun has been promoted internally to become commercial banking trade group head. Both positions report to Andrew Au, Citigroup's head of trade for Asia.

Au says the appointments are designed to expand the bank's trade capabilities in the region and sharpen its focus on the SME small to medium enterprise client segment.

Chathapuram will have responsibility for building Citigroup's commodity finance business, working with the country offices and the global product group to develop programs and structures that capitalize on commodity trade...

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