Citigroup (C) Names New Head of TTS for EMEA Region
- Dow opens at record high led by oil, bank stocks
- Oil tops $55 for first time in 16 months as OPEC deal fuels buying
- Consolidated Communications (CNSL) to Acquire FairPoint Communications (FRP) in $1.5B Deal
- Wall St. stock futures fall after Italy referendum
- Pre-Open Stock Movers 12/05: (FRP) (GMED) (CHK) Higher; (CERC) (HDSN) (MRVL) Lower (more...)
Find out which companies are about to raise their dividend well before the news hits the Street with StreetInsider.com's Dividend Insider Elite. Sign-up for a FREE trial here.
Citi (NYSE: C) has announced the appointment of Ebru Pakcan as Head of Treasury and Trade Solutions (TTS) for the EMEA region. Ebru takes over the role from Rajesh Mehta, who was recently named Regional Head of TTS for Asia-Pacific.
Reporting to Jim Cowles, EMEA CEO, and Naveed Sultan, Global Head of TTS, Ebru will be responsible for leading and developing the EMEA TTS franchise and driving business throughout the region.
TTS is the backbone of Citi’s global network, providing services such as cash management and trade finance for institutional clients in over 120 countries. TTS is both fundamental and strategic to Citi’s business model, reporting growth in revenues for 11 consecutive quarters.
Naveed Sultan, Global Head TTS commented:
“The TTS business is one that continues to show growth in revenue and operating margin on a year-over-year basis and it is essential that we focus on ensuring that this trend continues. With Ebru’s deep understanding of the business itself, as well as her experience and knowledge of the industry as a whole, she will play an instrumental role to the continued growth of the EMEA franchise.”
Prior to her new role, Ebru was Global Head of TTS Payments and Receivables, originally based in New York and more recently, London. She joined Citi in 1997 as an IT Project Manager in Turkey and in 1999 was appointed Head of IT Project Management for the country. In 2000, Ebru’s role expanded to include Operations & Technology projects for Turkey. In 2001, she became Head of Custody and Clearing for Global Transaction Services (GTS), based in Istanbul. In 2004, Ebru moved to London and became GTS EMEA Head of Cash Management Implementation and then in 2008 she was appointed EMEA Head of Payments.
She holds a Master of Science in Computer Engineering from Bogazici University, Istanbul.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- LPL Financial (LPLA) Announces Retirement of LPL Financial LLC CEO Cassidy
- Marsh & McLennan's (MMC) Mercer Announces acquisition of Sirota Consulting
- Merck (MRK) Lists Cancer Genetics (CGIX) as KEYTRUDA National Reference Laboratory
Create E-mail Alert Related CategoriesCorporate News, Management Changes, Management Comments
Related EntitiesCiti, Twitter
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!