The bank has over 20 desks in the region.
Citi is aiming to grow revenues from its business along intra-Asia trade corridors by 25% in 2019 after a strong performance in the previous year as it aims to capture the opportunities arising from the inexorable shift in trade flow towards the region.
Total Asia-to-Asia priority corridor performance hit 22% YoY in December 2018 with all eight corridors booking double-digit growth as led by the Taiwan to China corridor (34%).
Citi’s key corridors include Korea to ASEAN, Korea to China, Korea to India, Japan to ASEAN, Japan to China and China to ASEAN.
Also read: Citi inks deal with BOC and CMB to explore co-financing Belt & Road projects
“Asia is capturing a greater share of global trade and US companies will increasingly target Asia and we expect strong growth as intra-Asian trade corridors expand further,” Gerry Keefe, Citi’s Head of Corporate Banking, Asia Pacific said in a statement.
The bank has over 20 Asia desks in operation across the region with which to conduct capital raising, M&A, trade finance, cash management and FX hedging for its wide array of corporate clients. This includes 11 China desks, 9 Korea desks and an India desk in New York and Korea.
Do you know more about this story? Contact us anonymously through this link.
Click here to learn about advertising, content sponsorship, events & rountables, custom media solutions, whitepaper writing, sales leads or eDM opportunities with us.
To get a media kit and information on advertising or sponsoring click here.
No jobs posted.