Deven Somaya

Citi has appointed Deven Somaya as global head of emerging commerce solutions within the treasury and trade solutions ( TTS ) partnerships and innovation group and Kirstin Renner as its head of TTS for Australia and New Zealand.

Somaya, in this newly created global role, will continue to be based in Singapore and report to Biswarup Chatterjee, TTS global head, partnerships and innovation, and to Rajesh Mehta, head of TTS for Asia-Pacific. He will work closely with partnerships, strategic investments, products, sales and geographies, and be responsible for designing and developing new client solutions and developing and incubating new business opportunities across TTS groups and client segments.

The role will have extensive focus on co-developing new commercial solutions with clients and ecosystem partners, identifying and assessing commercial opportunities in new product and service areas that can unlock long-term strategic value.

Somaya, who has been with Citi for over 20 years, started his career with the bank in New York as a management associate. Most recently he was the Asean ( Association of Southeast Asian Nations region ) and Singapore TTS head ( interim ). Prior to this, he was the TTS product head for Singapore, and he has held a number of different roles in the global, regional and country offices spanning cash and trade, product and sales.

Renner, in her new role, will report to Mehta and be responsible for leading the TTS business strategy and growth in Australia and New Zealand. Since joining Citi in 2007, Renner has held a number of senior positions within the TTS Australia and New Zealand business, including head of implementation and channel product, chief operating officer and most recently head of core cash product. She has a proven track record of delivering outstanding results across strategy, risk and control, implementation, product and account services.

Earlier this week, Citi also appointed Anoushka Dua as head of TTS for Asean, reporting to Mehta and to Amol Gupte, head of South Asia and Asean.