Citi has announced that two longtime executives, Amit Agarwal and Debopama Sen, will serve as co-heads of Citi Treasury and Trade Solutions (TTS) Payments and Receivables, according to a press release emailed to PYMNTS.
They will oversee profit and loss (P&L), business strategy and risk, product development and more, the release stated.
Agarwal previously served as the global business head of Citi’s cross-border payments team, leading overall business vision and strategy, as well as developing new payment solutions for various clients. He also managed the TTS and foreign exchange (FX) joint venture, according to the release.
Meanwhile, Sen was previously head of TTS, ASEAN and Singapore. She developed and executed a transformational strategy and managed risk in six countries. She also built, developed and led teams in various capacities, the release stated.
Global payments are important for Citi, according to the release, and the company plans to look to the co-heads to expand its reach in that area. Agarwal will be based in London, and Sen will be based in New York.
Earlier this month, Citi’s TTS added Ashish Bajaj as global head of financial institutions (FIs) sales.
Read more: Citi Names Bajaj as TTS’ Global Head of FI Sales
His job will include working with sales activities and growth, revenue generation from sales, bolstering client experiences and managing various bank client portfolios. The announcement came as TTS’s growth strategy was expanded to include building more relationships with FinTechs and other financial intermediaries.
Like Agarwal and Sen, Bajaj has worked with the company for years.
In other Citi news, TTS Latin America rolled out its Citi Digital Account in July to help institutional clients digitize their banking experiences, eliminating the need for wet-signed signature cards, checkbooks or manual transactions
See more: Citi Latin America Launches Digital Accounts for Corporate Clients