-Citi names head of payments for developing currencies.
Global Banking News - 17 September 2013
Citi (NYSE: C) has said that it has named Yiting Shen as head of payments for developing currencies, based in New York.
In the newly created position, Shen will be responsible for enabling and supporting the commercialisation of clearing product capabilities for the world's developing currencies, including the Chinese renminbi, Brazilian real, Russian ruble, and Indian rupee.
Shen was previously the head of strategic initiatives for Citi's Treasury and Trade Solutions Group, where she led business model innovations for the firm. Prior to joining Citi, Shen was an entrepreneur, co-founding an education consulting firm in China. She has previously worked with Booz & Company in London specialising in financial services, with clients in Middle East, Africa, Korea, China, and India, and also worked in M&A with UBS (NYSE: UBS) (ZHR: UBSN) (UBSN.VX) based in New York.
Citi Treasury and Trade Solutions' Financial Institutions Payments offering delivers more than USD2tn in payments daily into 180 countries, across 130 currencies.
[Editorial queries for this story should be sent to email@example.com]
((Distributed via M2 Communications - http://www.m2.com))