NEWS
Citi brings in Tynan to head transaction services in Japan
20 September 2012
Category:
News, Asia, Japan
Citi has appointed Tim Tynan head of transaction services for Citibank Japan Ltd. In this capacity, he will lead the Citi Transaction Services (CTS) business in Japan and will be responsible for the firm’s Japanese and multinational clients, leveraging its cross-border network and experience. His responsibilities include supporting Japanese clients as they expand globally as well as in the local market. He will be based in Tokyo and will continue to be a member of the global CTS executive and management committees.
Prior to this role, Mr. Tynan was the chief operating officer for Citi Transaction Services based in New York. He joined Citi in 2001 from IBM and has been with CTS since 2008.
"Japan is strategically important to Citi. Moving one of our most senior transaction services executives to Japan underscores our commitment to our global and Japanese client base. Given Tim's experience, I have no doubt he will successfully lead the business to support the needs of our corporate, financial institution and public sector clients in Japan and from across the globe who have operations and critical supply chain links, both internationally and in the country,” said Francesco Vanni d’Archirafi, chief executive officer, CTS.
CTS, a division of Citi’s Institutional Clients Group, offers integrated cash management, trade, and securities and fund services to multinational corporations, financial institutions and public sector organizations around the world. With a network that spans more than 95 countries, CTS supports over 65,000 clients. As of the second quarter of 2012, it held on average US$396 billion in liability balances and over $12 trillion in assets under custody.
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