Insight & Analysis

Press Release: Citi’s Naveed Sultan appointed as Chairman of Citi’s Institutional Clients Group (ICG)

Published: Nov 2020

29th October 2020 – I am pleased to announce that Naveed Sultan has been appointed Chairman, ICG.

Newspaper press release

As Chairman, Naveed will build and lead a new Digital Policy, Strategy and Advisory practice across all client segments. Recognizing the changes shaping the world through the advent of current and emerging technologies, it is critical that we develop a strategic, coherent and holistic approach to advise our clients and other constituencies including policymakers, and provide them actionable insights to respond to this phenomenon. This new practice will advise governments to develop policies to digitize their economies including their financial systems. It will also provide guidance and thought leadership to corporates and financial institutions to transform their businesses and operating models to stay relevant in an increasingly digital world.

Our global network, particularly in the emerging markets, is a key differentiator. As part of his new role, Naveed will help the firm in its senior interactions with sovereigns, with a particular focus on emerging markets, to help strengthen our relationships and to create commercial opportunities. He will work with me and the regional CEOs and business heads to develop approaches and strategies to respond to the structural shifts of globalization and market transitions and ensure our network remains well-positioned to build a structural advantage.

Naveed is uniquely qualified to lead this new effort. Under his stewardship, our TTS business has grown into a world-class franchise as recognized by our clients, investors and financial services industry for its innovation, sustained financial performance and thought leadership. He has extensive experience having served in roles with strategic, business management and operating responsibilities at a global level and across several geographies, and has developed diverse functional experience across corporate finance, banking, operations and technology, consumer products and transaction banking. He has also led several pioneering initiatives including Digital Money Index and the Centre for Global Finance and Technology with Imperial College.

The role of Head of TTS will be posted and Naveed will continue in his role as Head of TTS until the new head is appointed. He will ensure a smooth transition and will also continue to engage closely with TTS to provide support and guidance on strategy, execution and clients.

Please join me in wishing him much success in his new role and thanking him for his leadership of TTS.

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