Citibank Opens Treasury Unit In Romania To Cover Corporates
BANKS
Citibank has opened a wholly owned subsidiary, Citibank Romania, to service global corporations and local Romanian companies. The subsidiary will focus initially on cash management, treasury and money markets businesses, says Ravi Kumar, country treasurer.
Kumar was previously deputy treasurer at Citibank in Bombay where he was responsible for the derivatives and forex division. In addition to Kumar, the bank has brought in Dan Sandu, previously at National Bank of Romania, as chief dealer and
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