Citi Names Bajaj as TTS’ Global Head of FI Sales

Ashish Bajaj will be a part of Citi Treasury & Commerce Options as World Head of Monetary Establishments (FIs) Gross sales, a press launch says.

There, his duties will embrace working with gross sales actions and overseeing development, income technology from gross sales and making the shopper expertise higher, together with managing and governing Overseas Correspondent Banks and Fee Intermediaries shopper portfolios.

The discharge says TTS goes ahead with a “development technique” which is able to give attention to constructing extra relationships with FinTechs and monetary intermediaries.

Bajaj will reportedly be in command of serving to to bolster these efforts.

Bajaj just isn’t new to Citi – he comes with over 30 years’ expertise there and has labored with a number of merchandise and geographies.

Most just lately he comes from the Business Financial institution. His final job title was Head of Digital Transformation and World Product Administration.

Earlier than that he held quite a few different roles, together with APAC Business Financial institution Head, APAC FIG Company Financial institution Head and GTS Head India cluster.

In July, Citi TTS rolled out a digital account in Latin America to help institutional shoppers within the digitization that accelerated when the pandemic compelled a shift to the net world.

Learn extra: Citi Latin America Launches Digital Accounts For Company Shoppers

This digital account will minimize out the necessity for a number of outdated staples together with wet-signed signature playing cards, checkbooks and guide transactions. Shoppers may even get extra digital instruments and biometric authentication.

Moreover, the digital account will have the ability to combine with digital banking platforms and assist streamline account administration.

The product is out there in Brazil, Colombia, Costa Rica, the Dominican Republic, Ecuador, Guatemala and Puerto Rico, per a press launch, with plans to launch it in additional nations ultimately.

“The Citi Digital Account will assist construct a cashless digital financial system,” mentioned Citi TTS Latin American Head of Digital Driss Temsamani. “Digital adoption is quickly rising all through Latin America. There’s a rise in central financial institution digital currencies, open banking and real-time funds.”