Citigroup announces 10 cash management mandates in Asia Pacific
Citigroup has announced the signing of cash management mandates for ten leading global and regional companies, says a press release. The signings were conducted at EuroFinance's 13th annual conference on International Cash, Treasury and Risk for Finance Professionals in Asia held recently in Singapore. The signings have demonstrated Citigroup's leadership in winning cash management mandates from leading global companies and Asian multinational corporations, the release adds. The signings were conducted with global leaders in pharmaceuticals, home appliances, electronic product solutions, semiconductors, express services providers, global agency network and energy industries among others. Anthony Nappi, Citi's Asia Pacific CEO of Global Transaction Services, said, "We're delighted that leading companies across Asia and globally have selected Citi as their cash management partner." Khondoker Rashed Maqsood, acting Citigroup country officer in Bangladesh, said, "In Bangladesh, Citibank NA is also the leading cash management services provider for the top tier loc al and multinational companies in telecoms, pharmaceuticals, and fast moving consumer goods industries."
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