Citi Announce Co-Heads of Trade Business in EMEA
18 September 2017 - 7:29PM
Business Wire
New Appointments are part of revised management
structure
Citi has announced the appointment of Peadar MacCanna and Murat
Demirel as Trade Co-Heads for its Treasury and Trade Solutions
(TTS) business in EMEA. Based in London, Peadar and Murat will
report to Ebru Pakcan, EMEA head of TTS, and John Ahearn, global
trade head, TTS.
In the newly created role, Peadar and Murat will have joint
ownership and responsibility of the trade business for the region.
The revised structure will allow them to maximize their time to
develop product capabilities, client propositions, whilst driving
the trade agenda for the business. Peadar will lead trade services
and transactional flows, while Murat will be responsible for trade
finance and structured solutions. They will join the TTS EMEA
Executive Committee (ExCo) as well as the TTS trade global
ExCo.
Ebru Pakcan, EMEA head, TTS commented: “Given the size and scope
of the trade product set in the region, and considering the
diverse nature of the EMEA markets, we decided that by establishing
a new leadership structure, we will be able to ensure that every
aspect of our trade business is managed to the highest standard.
The combination of Peadar and Murat’s experience within Citi as
well as the industry more generally, will provide the perfect
balance for leading this business going forward.”
John Ahearn, global trade head, TTS commented: “Our trade
business represents a core pillar of TTS both within EMEA and
globally. To fully leverage Citi’s global footprint and to maintain
Citi’s leading position in the industry requires strong management
oversight of a broad range of funded and unfunded trade products
and solutions. I look forward to working with Peadar and Murat as
we continue to grow our trade business globally.”
Citi’s trade platform incorporates working capital and supply
chain management, trade services (including specialized trade
programs) and export and agency finance products, which work to
create end-to-end solutions ranging from short- and medium-term
financing to complex structured trade models.
Peadar joined Citi in 1997 and held a number of roles in funds
accounting and securities services before he joined Trade in 2003
to run the Insurance LOC business and establish the Citibank Europe
plc platform. Most recently, Peadar was EMEA Head of Trade Finance
based in Dublin as well as Head of Trade business for Europe and
Citibank Europe plc.
Murat rejoins Citi from Oger Telecom Limited where he was chief
financial officer since 2013, based in Istanbul. Prior to this,
Murat served at Citi as Head of Corporate Finance for CEE and
Turkey and before that as the head of corporate investment banking
in Turkey. He has held multiple other roles in a number of
different locations including head of loan syndications for CEEMEA
in London during a 19 year career at Citi.
About Citi Treasury and Trade Solutions:
Citi Treasury and Trade Solutions (TTS) enables our clients'
success by providing an integrated suite of innovative and tailored
cash management and trade finance services to multinational
corporations, financial institutions and public sector
organizations across the globe. Based on the foundation of the
industry's largest proprietary network with banking licenses in
over 100 countries and globally integrated technology platforms,
TTS continues to lead the way in offering the industry's most
comprehensive range of digitally enabled treasury, trade and
liquidity management solutions.
About Citi:
Citi, the leading global bank, has approximately 200 million
customer accounts and does business in more than 160 countries and
jurisdictions. Citi provides consumers, corporations, governments
and institutions with a broad range of financial products and
services, including consumer banking and credit, corporate and
investment banking, securities brokerage, transaction services, and
wealth management.
Additional information may be found at www.citigroup.com |
Twitter: @Citi | YouTube: www.youtube.com/citi | Blog:
http://new.citi.com | Facebook: www.facebook.com/citi | LinkedIn:
www.linkedin.com/company/citi
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Citi Media Contact:Belinda Marks+44 20 7508
3082belinda.marks@citi.com
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