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Citi’s Asia trade and treasury chief eyes growth

Date: 10 Mar 2010

The bank’s new head of Treasury and Trade Solutions for Asia-Pacific, Sridhar Kanthadai, says he is seeing a flurry of requests for proposals as Asian businesses seek to centralize costs. He talks about his new role, his priorities and his outlook for 2010.

Keywords (click to search): [Citi] [Trade and Treasury Solutions] [Sridhar Kanthadai] [Ivo Distelbrink]

Leigh Powell
Sridhar Kanthadai has inherited a mouth-watering challenge: take an award-winning business and increase its dominance in an environment of rising competition.

Named Citi’s regional head of Treasury and Trade Solutions (TTS) for Asia-Pacific last month, he has slotted into a vacancy that was as much a surprise to the market as perhaps to Kanthadai himself.

He succeeded the industry-respected Ivo Distelbrink, who had been with the US bank for more than 15 years but quit before Christmas to join Bank of America-Merrill Lynch as managing director and Asia head of Global Treasury Services.

Presumably the prospect of building a business at BoA-Merrill was too much of a draw for Distelbrink. Now it falls on Kanthadai’s shoulders to keep Citi top of the pile.

Still, at least he can approach his task from a position of strength. The US bank dominated Asiamoney’s largest ever Cash Management Poll last year,...

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