Citi has announced a new senior hire to its New York operations, which comes at a time when the banking industry as a whole is experiencing a heavy flux of movement and changes in personnel. The lender has tapped Manish Kohli as its newest Global Head of the Payments and Receivables business, per a group statement.
The addition of Mr. Kohli to Citi’s Global Payments and Receivables represents the group’s growing emphasis on new technologies and digital solutions in the US and abroad. As the Global Head of the unit, Mr. Kohli will be reporting to Naveed Sultan, Global Head of Citi’s Treasury and Trade Solutions and will continue to be based out of Citi’s New York branch.
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Citi’s Global Payments and Receivables unit is one of the group’s strategic segments and a key element of its overall business. He currently has served as the Global Head of Commercial Cards in New York, having joined assumed the role back in October 2011, helping lead its Commercial Cards business globally.
Mr. Manish originally joined Citi India back in 1997 as a Management Associate in Trade Operations. Since then his tenure has been focused on a variety of roles in Citi’s businesses in India, Europe, Middle East, and Africa (EMEA), and globally across Payments, Receivables, Trade and Cards.
According to Mr. Sultan, Global Head of Treasury and Trade Solutions in a statement on the promotion, “We are uniquely positioned to maintain our market-leading position through our global capabilities and geographic reach. Manish’s extensive experience across our network will help us capture a greater share of current and emerging flows including e-commerce flows, leverage new technologies and penetrate global, domestic and cross-border flows through digital solutions.”