Anthony Nappi, head of global transaction services at Citigroup, said the bank is now looking to increase its staff and boost its trade finance service business in Asia.
“Trade finance is a key area for us- we are going to hire more trade transactors because a business perspective trade has been the outstanding performer for us,” he told Dow Jones Newswires.
“My own personal aspiration,” he said, “is to double the size of the business every three to five years… We continue to want to grow at double digits. That’s our aspiration.”
Nappi went on to explain that there are 50-70 new positions that he intends to fill throughout the whole global trade service business in markets like China, Malaysia, India and Australia. These regions have a strong demand for cash management. Now, Citigroup’s Asian GTS business has more than 5,200 employees.