Citi’s Global Transaction Services (GTS) has appointed Naveed Sultan as global head of treasury and trade Solutions reporting to GTS chief executive officer (CEO) Francesco Vanni d’Archirafi. Sultan will manage Citi’s cash management and trade services business with reported revenues of US$7.2bn in 2010.
Sultan serves as a director on the board of Citibank Europe and Citibank (Turkey), and is also a member of Citi’s EMEA operating committee, and the management committees of the institutional clients group and GTS. Prior to this appointment, he was head of cash management solutions for GTS in EMEA. Sultan joined Citi with Saudi American Bank (SAMBA), an affiliate of Citibank, in 1993 where he held several senior positions, including global transaction banking group head and senior country operations officer.
In 1999, he became the business head for Citi’s Transaction Bank for western Europe, based in London. Before joining Saudi American Bank, Sultan was the country corporate banking head for Standard Chartered Bank in Pakistan. He has a consistent and sustained track record in transforming and building businesses in very diverse geographic and environmental contexts. He has wide ranging experience covering corporate banking, corporate finance, transaction banking, operations and technology, and is a regular speaker and author on such topics. He has also taught Business to Masters graduates at the University of Punjab in Pakistan.
Sultan holds an MS in Management from MIT’s Sloan School of Management, as well as an MBA from the Institute of Business Administration, Lahore.
As a part of its continuing effort to grow its franchise, GTS will also make changes in the way it manages the developed and emerging markets in Europe, Middle East and Africa (EMEA), among other efforts. The region will be split into two segments; western Europe, under the continued management of Aidan Brady, and central and eastern Europe, Middle East and Africa under the leadership of Elias Panayotopoulos.
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