Dec 12, 2012
Jakarta, December 10th 2012 – Citi today announced the appointment of Riko Adythia Tasmaya as Head of Citi Transaction Services (CTS) for Indonesia. Based in Jakarta, Riko assumes this role after leading Citi Indonesia’s Treasury and Trade Solutions (TTS) business since October 2010.
Citi Transaction Services is a division of Citi’s Institutional Clients Group that offers integrated cash management, trade, and securities and fund services to multinational corporations, financial institutions and public sector organizations around the world. In Asia Pacific, the CTS team provides on-the-ground relationships in 18 markets and end-to-end transaction services capabilities.
In his new role, Riko will be responsible for the operating performance, building and executing CTS’ growth strategy in Indonesia, and ensuring alignment with both its global and local businesses to maximize growth in thisimportant market. Riko will join the CTS Asia Pacific Management team and will work alongside his colleagues and partners to further extend and deepen Citi’s product capabilities and global connectivity for Citi Indonesia.
“Riko brings tremendous experience, deep knowledge and understanding of the local financial industry, and we look forward to his leadership as we continue to build out our CTS presence and provide market leading transaction services in the local market,” said Tigor Siahaan, Citi Country Officer for Indonesia.
Riko will lead a team who has successfully established Citi Transaction Services as an industry leader in Indonesia, bringing with him 17 years of experience with the firm. He joined Citi in 1995 as a management associate and has held various senior roles, including a two-year stint with Citi New York’s Export Agency Finance team as part of Citi’s leadership management program, Asia Pacific Fast Track; and as Deputy CFO for Citi Indonesia.
“Given the deep bench strength, we are delighted to promote from within with Riko assuming the leadership role for our business in Indonesia. As Head of Trade and Treasury Services and Chief Operating Officer for our business in Indonesia, he has been a key driver to the growth of the business, especially in trade, and has been instrumental in advocating the ‘One Citi’ value proposition across the Indonesia franchise. We believe that under his leadership and with a strong local team, we are committed to reaffirming and growing Citi’s dominant position in transaction banking in the country,” said Amol Gupte.
Re-disseminated by The Asian Banker