Citi Treasury and Trade Solutions (TTS) has made two appointments in its APAC division. Sumanta Panigrahi (pictured) has been appointed head of the trade and working capital solutions business (TWCS), and Thus De Silva has been named head of commercial cards.
In his new role, Panigrahi will be responsible for delivering Citi’s global product solutions and growing the TWCS business in the APAC region, a particular area of focus for the company. He will work with Citi’s regional client, product and country business partners to achieve these goals, and is based in Hong Kong.
He reports to Chris Cox, head of TWCS, and Rajesh Mehta, APAC head of TTS.
Panigrahi has more than three decades of industry experience, and has been with Citi for 23 years. Most recently he was head of APAC export and agency finance, and also served as a senior member of Citi’s Asia Trade Executive committee. Prior to this, he held a number of senior roles at the company.
Earlier in his career, Panigrahi was assistant vice president at SBI Capital Markets in Mumbai.
In the Singapore-based role, De Silva will be responsible for promoting growth across the market network with APAC clients. He will also be tasked with enhancing the travel and expense proposition and developing B2B flows.
He reports to Mehta and Gonca Latif-Schmitt, global head of commercial card.
De Silva has almost 20 years of industry experience, and has held the head of commercial cards role on an interim basis since 2022. He has spent more than 15 years with Citi, first focusing on commercial cards in the EMEA region before shifting to APAC.
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