CITIBANK (China) Co Ltd (Citi China) announced April 9 that it has appointed Howard Yang as head of Treasury and Trade Solutions (TTS) for Citi China. Yang will oversee all of Citi’s TTS operations in China, leading the team delivering cash management, trade, and liquidity solutions for multinational and domestic clients in China.
A Citi veteran, Yang started his career as a TTS product manager in Citi Taiwan. He was appointed product head of TTS for Citi Taiwan in 2008, and took over as TTS head for Hong Kong in 2013.
During his time in Taiwan, Yang successfully drove the cross-border liquidity management solutions business for large Taiwanese companies, solidifying Citi’s leadership position in the domestic market.
As TTS head for Hong Kong, he led digitization initiatives for cash and trade products, grew revenues from intra-Asian flows and expanded the business’ trade asset portfolio. His oversight of Hong Kong as Citi’s Greater China Treasury, Trade and e-Commerce Hub also rendered strong business results.
“Howard joins the Citi China management team with a wealth of experience in the Treasury and Trade Solutions business within Citi. His expertise and leadership will be key assets to our franchise in China and our clients,” says Christine Lam, chief executive officer and president of Citi China. “Under his guidance, the Treasury and Trade Solutions in China is well-placed to be the financial ecosystem for digital commerce and partner clients as they evolve their businesses for the digital economy.”
Citi’s Treasury and Trade Solutions business is present in 98 markets with the ability to do business across 160 countries and jurisdictions. Citi moves around US$4 trillion in transactional flows daily, supporting a total of 144 currencies. The business manages 12,000 liquidity structures in 82 markets and moves US$2 trillion across physical pooling structures each month.
Citi is also the first foreign bank in China to obtain approvals from the State Administration of Foreign Exchange to offer the Trade Facilitation Pilot Scheme in Shanghai and the Greater Bay Area to clients.