Citi Organisational Announcement: EMEA Head of TTS

Citi are pleased to announce the appointment of Mark Smith as Head of Treasury and Trade Solutions (TTS) for the EMEA region, based in London. Mark succeeds Ebru Pakcan, who in February was named Global Head of Trade for TTS. Mark will report jointly to us, join the EMEA Operating Committee, and remain a member of the TTS Executive Management team. Following regulatory approval, he will assume the Senior Manager responsibilities for TTS with respect to Citi’s UK legal entities. Mark and Ebru will work together to transition the business and Senior Manager responsibilities over the coming weeks.

As the Head of TTS for EMEA, Mark will be responsible for leading the continued growth of the business in our largest region, increasing our competitiveness throughout our network, and delivering innovative services in payment, cash management and trade financing to meet the rapidly evolving needs of our clients.

Mark has held several senior roles in his 22 years at Citi. He has been the Global Head of Liquidity Management for TTS since 2015, with responsibility for managing more than 50% of Citi’s deposit base. Mark has been an exceptional leader for the business, having launched new and innovative product capabilities and driven significant growth in deposits. Prior to joining TTS, Mark worked in Finance as the Regional Treasurer for Citi EMEA. He previously held a variety of roles in Markets Treasury in Citi’s Markets business, both in New York and in London.

The role of Global Head of Liquidity Management for TTS will be posted shortly, and Mark will continue with those responsibilities until his successor is appointed.

Please join us in congratulating Mark, wishing him every success in his new role, and thanking Ebru again for her leadership of EMEA TTS.