Citi Expands Global Trade Business With Talent And Focus On Commodity Finance

Citi expands its Global Trade franchise within its Transaction Services business with new hires, staffing changes and the implementation of a Global Commodity Finance platform.

Global trade continues to grow and Citi is gearing to support the industry’s accelerated growth. A core component is the creation of the commodity finance capability and the increased importance of the export agencies and multilaterals through agency-based loans. As transaction volumes increase, there is a greater need for new and innovative distribution strategies beyond the traditional banking sector.

Commodity Finance Kris Van Broekhoven, joins Citi from Deutsche, as Global Head of Commodity Finance and will be responsible for driving Citi’s Trade Commodity Finance business on a global basis. Backed by his experience of arranging a large number of deals for commodity clients, he is uniquely qualified to establish Citi as a leading commodity trade finance bank. His initial area of focus will be the energy sector. Kris will be based in London, and will jointly report to Sam Sehgal, EMEA Trade Head and John Ahearn, Global Head of Trade.

Export and Agency Finance In the Export and Agency Finance group headed by Valentino Gallo, Ae Kyong Chung, currently the Americas Head, has also been appointed the Global Head of Export and Agency Finance Distribution and will lead Citi’s implementation of a transformational, market-changing distribution model with alternative investors to support client growth strategies across all sectors.

To further expand the Export and Agency Finance business, Georges Romano has joined Citi as Regional Head of Export and Agency Finance for Latin America. Georges comes to Citi from Credit Agricole Corporate and Investment Bank where he was Head of the Project Finance Group for Latin America. Georges brings more than 15 years of experience in the arrangement of market and agency-based financing solutions for companies in the natural resources, power, and infrastructure sectors in North and South America.

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