Insight & Analysis

Press release: Citi: appointments in Asia Pacific Treasury and Trade Solutions (TTS)

Published: Sep 2023

11th September 2023 – Citi has made the following appointments within its Asia Pacific Treasury and Trade Solutions (TTS) business.

Press release news paper

Treasury and Trade Solutions (TTS) provides global solutions that help clients drive their business forward while investing in innovation to bring new solutions to life. It is the critical backbone that clients use to access Citi’s global network and move money around the world. TTS enables the ‘business of commerce’ for clients across local and global markets, with the infrastructure it provides through its payments, liquidity, financing, trade and cash management platforms. Citi banks more than 90% of the Fortune 500 companies and has a broad and diverse client base of around 18,000 clients globally operating across 95 countries.

Sumanta Panigrahi, Head of Trade and Working Capital Solutions, Asia Pacific

Sumanta Panigrahi (Sumo) has been appointed as Asia Pacific Head of Trade and Working Capital Solutions (TWCS) at Citi, based in Hong Kong and effective immediately. In this role, he will be responsible for working with Citi’s regional client, product and country business partners to grow the TWCS business in Asia and continue to deliver Citi’s global product capabilities to clients even more effectively. Asia Pacific continues to be an important region for the TWCS business and Citi is focused on growing its business and market share amongst its corporate and commercial bank clients.

Sumo joined Citi in 2000 and has worked in TTS in India, London and Hong Kong. He was most recently head of APAC Export and Agency Finance (EAF) where he played an instrumental role in driving growth within the business and made particularly noticeable strides with Citi Commercial Bank. His expanded remit also included responsibility for TWCS Asia Pacific functions, including In-Business Risk & Control.

He will report to Chris Cox, Global Head of TWCS at Citi and Rajesh Mehta, Citi’s Asia Pacific Head of Treasury and Trade Solutions.

Thus De Silva, Head of Commercial Cards, Asia Pacific

Thus De Silva has been appointed as Asia Pacific Head of Commercial Cards at Citi, based in Singapore and effective immediately. In this role, which he has held on an interim basis since 2022, Thus will continue to be responsible for driving growth with Asia clients across the market network, as well as pioneering innovative Business to Business (B2B) flows and continuing to enhance the Travel and Expense proposition. He will also have the critical task of ensuring exemplary client experience in all client segments, as Citi continues to grow and invest in its Asia commercial cards business.

Thus joined Citi in 2008 as part of the Europe, Middle East and Africa (EMEA) Commercial Cards team as an onboarding manager. Since then, he has held various roles across Sales and Client Executive teams in EMEA before moving to Singapore in 2016 to build and lead the Client Executive team for APAC Commercial Cards. In 2020, Thus joined the APAC Commercial Cards product team as the B2B product head for the region, tasked with growing B2B non-travel flows.

Thus will report to Gonca Latif-Schmitt, Global Head of Commercial Cards at Citi and Rajesh Mehta, Citi’s Asia Pacific Head of Treasury and Trade Solutions.

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