amol gupte, citi

A version of this article appeared in the print edition of The Sunday Times on January 21, 2018, with the headline 'Citi's Amol Gupte is all for gaining overseas experience'. Besides, your performance appraisals happen twice a week - on the pitch!". In view of the coronavirus disease (COVID-19) outbreak, all event schedules have been moved to a time when we reasonably expect the crisis to be contained. The Institutional Clients Group, for instance, has been trimmed from 32,000 customers worldwide to around 14,000. Since the global financial crisis, successive CEOs have focused on turning Citi into a leaner, more efficient operation rather than one fixated on being in the top three in every jurisdiction. "I used to be a product vertical champion. Its retail banking business is strong, and Citi launched a new version of its mobile app in 2020, giving its consumer banking customers additional ease and access while under lockdown. Mr Gupte, who is also Citi’s ASEAN head, also noted other initiatives the bank has taken to help clients, employees and the community during the COVID-19 pandemic. “As CCO, Gupte will be the main regulatory representative for Citi in Singapore and responsible for all businesses. We have been experiencing some problems with subscriber log-ins and apologise for the inconvenience caused. He has a wealth of experience in both emerging and developed markets, as well as in consumer and transaction banking businesses in Europe, Middle East and Africa, Asia and North America. See the complete profile on LinkedIn and discover Amol… All done! Citi employs some 9,000 people in Singapore, making it one of the largest employers on the island outside the Government. Citi has appointed Amol Gupte as Citi Transaction Services (CTS) head for the Asia Pacific region. Join ST's Telegram channel here and get the latest breaking news delivered to you. View Amol Gupte’s profile on LinkedIn, the world’s largest professional community. View Amol Gupte's business profile as Head Citi Country For Officer (Singapore) & Co-Chair at ASEAN companies. "People we send overseas and flush through the network value us in a different way. Gupte will relocate from Hong Kong to Singapore and continue to report to Asia Pacific CEO, Francisco Aristeguieta. Mr Gupte spent four years in Hong Kong before moving to Singapore and the inevitable question surfaces: How do the two compare in financial services? One touchy topic with top executives here tends to be access to talent, especially in recent years after the Government started tightening up on overseas hires. It has a physical presence in 98 countries, facilitates US$4 trillion in transaction flows daily and serves more than eight out of 10 Fortune 500 companies. 27-02-18 / by Finbarr Bermingham. It has 9,000 employees in Singapore, making it one of the largest employers on the island. Accepted, he started with the consumer bank and after four years, moved to the corporate and investment division, just as the late prime minister Narasimha Rao liberalised the economy. That's the shape of the world to come as well. You think beyond boundaries. "Businesses that have global aspirations benefit the most from banking with us," he explains. With regard to the appointment of Lee Lung Nien, Steven Lo told the media, “Our franchise in South Asia is critical to the success of our business in the region and globally, and the appointment of Lung speaks to that.” Previously Gupte served in a number of senior TTS roles in North America, EMEA and Asia. Married to a housewife, the Guptes have a son in his final year in college in Los Angeles and a younger one in school in Singapore. Citigroup, or Citi as the financial services giant is also called, is known to be a crucible for talent, much like Unilever is for the consumer goods industry. Amol Gupte, head of ASEAN and Citi country officer for Citi Singapore, noted that innovation has been at the heart of the organization for centuries. "It is too late to be a football coach," he quips. Indeed, when I met him at his 21st-floor office at Asia Square last Tuesday, he'd just received a note from his human relations folks congratulating him on his 29th anniversary with the bank. Clearly, Citi's head of Asean and Citi's country officer for Singapore is not in the job market. Fill in the form below to get instant access: Check our website for the new dates. Married to a housewife, the Guptes have two sons. The corporate bank, he says, felt like a different bank altogether, staffed with big, confident personalities who walked with a swagger. Debopama Sen has been named head of treasury … Find contact's direct phone number, email address, work history, and more. A British citizen, Mr Gupte holds a Bachelor of Science (Major in Statistics) and a Master’s of Business Administration from Bombay University, India. Amol has 6 jobs listed on their profile. Mr Gupte says 80 per cent of Citi's staff on the island are either locals or permanent residents even as there are pockets, such as in technology and trading, where the foreign component tends to be larger. But at a recent strategy session, Citi bankers pondered whether a phone unit was needed at all. "Asean e-commerce companies may not be looking to conquer Australia or Japan but they feel that if you can do well in Indonesia, you might be able to replicate the model in Vietnam. The Asian Banker website does not provide financial advice, recommend or sell any financial product/service. Forty years ago, it was all about branch networks. As CCO for Singapore, he is responsible for all of Citi’s businesses and operations in the country. Please get in touch with Sue Kim at skim@theasianbanker.com for further clarifications. Such companies will drive a level of infrastructure alignment that hasn't happened as yet in Asean.". "A lot of the Asean fabric has similarities," he says. There are also higher thresholds for Citigold and Citigold private clients segment. Yet, there is a more interesting dynamic at play in the combination of e-commerce operations and faster payment networks such as mobile wallets. Fastenberg joined Citi in 2011 and was most recently the head of HR at Citigroup Japan. See the complete profile on LinkedIn and discover Amol… Download the podcast Subscribe to MONEY FM 89.3's newsletter. View Amol Gupte’s profile on LinkedIn, the world’s largest professional community. Gupte, a 27-year Citi veteran, has … Based in Singapore, Amol is responsible for the leadership of Citi’s ASEAN markets of Singapore, Indonesia, Malaysia, Philippines, Vietnam and Thailand. He has over 20 years of HR experience across the financial services industry in New York and Tokyo. Singapore and the wider ASEAN market is a strategic priority for Citi, where we have built one of our largest and most diversified businesses, which is well positioned for future growth. Many of these people do specialised functions such as trading complex credit instruments and G-10 currencies. Mr Amol Gupte, who is also Citi's country officer for Singapore, is happy to notice that Singapore companies are beginning to shed their Asean moorings in favour of a global perspective. These days, 40 per cent of card origination is not done in malls or subways but online," he says. Citi has appointed Amol Gupte as Citi country officer (CCO) for Singapore and head of Asean, pending regulatory approval. Amol Gupte Place and Date of Birth Rugby, UK, Oct. 22, 1964 Experience Has more than 25 years of experience in banking industry, mostly in Citi. Based in Hong Kong, Amol is responsible for the strategic direction and development of Citi’s comprehensive suite of solutions to meet the transaction banking needs of clients across the region and help emerging markets clients go global. From 2012 to 2016 he was based in Hong Kong as regional head of treasury and trade solutions for the Asia-Pacific. That said, one challenge he is yet to overcome is to convince his Singaporean staff to try postings overseas. Usman will report directly to Amol Gupte, ASEAN head, Citi. These are large growth pockets.". Now, we are far clearer on who we want to do business with.". That begged the question: Have you not been tempted to move? Excellence in Retail Financial Services Annual Meeting 2021, China Private Banking and Wealth Management Awards, The Best Retail Financial Services Rankings, TAB Finance Diary of Events (Full Event Diary), The Heads of Retail Finance Virtual Meeting, Financial Services and Related Research Sources, Payment-as-a-service – How the payment industry is redefining customer experience. He was later transferred to London and New York. Mr Amol Gupte, who is also Citi's country officer for Singapore, is happy to notice that Singapore companies are beginning to shed their Asean moorings in favour of a global perspective. First, it was to London, then New York. In this role, Gupte will oversee all of Citi Singapore’s businesses and operations, and be responsible for the leadership of Citi… Citigroup Inc appointed Amol Gupte as Citi country officer (CCO) for Singapore and head of ASEAN, pending regulatory approval. View Amol Gupte’s profile on LinkedIn, the world’s largest professional community. No. ST PHOTO: JONATHAN CHOO. Some of Singapore's top bankers grew their wings in the group. Read 3 articles daily and stand to win ST rewards, including the ST News Tablet worth $398. While it was not his first job, he has stayed loyal to the bank, says Mr Gupte, because at many points of his career - just as he'd begun to feel a level of boredom - the institution had come round to offer him a fresh challenge. Asia is the largest market for the bank outside its US home, with revenues of about US$14 billion (S$18.5 billion) annually, divided between the consumer and institutional franchise. He started his career with Citi in the Consumer Bank in India with roles in Sales, Product Management and Treasury. My competitive advantage is when people want to do business in multiple countries. Born in London and raised in Mumbai, India, he has a bachelor's degree in statistics, and an MBA from Bombay University. Surprisingly, even as it is a well-banked city, Singapore continues to be one of Citi's fastest-growing markets. As a result, you have large treasury centres, even of Chinese companies, here in Singapore.". “Joel’s extensive international experience is an invaluable asset as we gear up our employees for the post-COVID world,” said Gupte. The flows, he says, are not impressive, nor are they likely to build up rapidly, even with Singapore in the chair. Do a search on Mr Amol Gupte and your initial surprise is to discover how thin his profile on LinkedIn is. Such streamlining naturally raises the perennial worry of jobs. Commerce has become so global.". "Today, Hong Kong stands for being a gateway for capital and commercial flows to and from China. "There is every intent to get Singaporeans trained in these roles but it is a global talent pool that is moving across," he says. Amol Gupte is ASEAN Head & Chief Executive Officer of Citi Singapore at Citigroup, Inc. View Amol Gupte’s professional profile on Relationship Science, the database of decision makers. The gift link for this subscriber-only article has expired. Singapore is very different: a large offshore banking centre, a very large FX centre - those flows won't happen around Hong Kong. Citi's IPB is a business unit of Citibank Singapore that specializes in offshore investment and wealth management products to HNIs based out of Singapore. Citigroup named Amol Gupte as its country officer for Singapore and head of Asean, succeeding Michael Zink, who is retiring after 28 years at the US bank.. He replaces Mr … Amol Gupte during the grand finale of 'My City My Parks Program' at Phoenix Mills in Mumbai on February 28, 2012. View Amol Gupte’s profile on LinkedIn, the world’s largest professional community. Citi Commercial Bank (CCB)'s collaboration with The Business Times Budding Artists Fund (BT BAF) on the design of CCB's 2016 calendar and Lunar New Year red packet, received prominent coverage in The Business Times today. Citi is paying me to do all this learning.". Amol Gupte, Asean head and Citi country officer Singapore, said: "As a leading international financial centre, Singapore is a critical hub for Citi, serving … "But that is a fascinating sport and you combine everything from tactics to people development. Share gift link below with your friends and family. A 29-year Citi veteran, Mr Gupte began his career with the computer company HCL before joining Citi's consumer banking business in Mumbai. 198402868E. By registering, you agree to our T&C and Privacy Policy. Citi's ASEAN Head and Singapore CEO Amol Gupte shares on why Ethics Matter. A 27-year Citi veteran, Gupte was previously Regional Head of Treasury and Trade Solutions in Asia Pacific, which provides integrated cash management and trade finance services to multinational corporations, financial institutions and public sector organizations in Asia and across the globe in the over 100 countries Citi operates in. AMOL Gupte has been appointed Citi country officer for Singapore and head of Asean; he will relocate to Singapore and continue to report to Francisco Aristeguieta and participate in the Asia Pacific Operating Committee. And data, analytics and cyber security divisions all continue to grow. "At the high end, all big Singapore corporations are international. Citi, says Mr Gupte, is not looking for drastic cuts either in its branch network or the staff count on the island. There i s also a lot more emphasis on compliance and governance. Until we resolve the issues, subscribers need not log in to access ST Digital articles. In this role, Gupte will oversee all of Citi Singapore’s businesses and operations, and be responsible for the leadership of Citi’s ASEAN cluster of markets. Amol has 5 jobs listed on their profile. "There are good examples like these but I wish there were more," he says. This includes developing and implementing the business strategy in Singapore and fostering successful client relationships at all levels of the organisation, managing risk and controls, and protecting and enhancing Citi’s reputation in Singapore. Amol has 1 job listed on their profile. Amol Gupte Citi appoints new trade and treasury boss in Singapore. He is 53 years old and a British national. All rights reserved. Three decades ago, the Britain-born Mr Gupte was hard-selling computers for the Indian IT major HCL in Mumbai when a friend suggested that he apply at Citi, which was rapidly building its consumer franchise in the country. In this role, Gupte will oversee all of Citi Singapore’s businesses and operations and lead Citi’s Asean cluster of markets. In Singapore, the bank also raised its TRB - or total relationship balance - last year to standardise the benchmarks globally. SINGAPORE – Citi today announced the appointment of Lung Nien LEE as Chairman, South Asia of Citi Private Bank (CPB), effective September 1, 2020. That breadth and depth is not common and speaks to the power of Citi. You see companies doing business as far away as Eastern Europe and Africa. Pending Gupte’s regulatory approval as Singapore CCO, Patrick Dewilde, Singapore based Head of Asia Pacific Markets and Securities Services, will serve as interim Singapore CCO. Citi announced today the appointment of Amol Gupte as Citi Country Officer (CCO) for Singapore and Head of ASEAN, pending regulatory approval. I pushed for an early date to see Mr Gupte because I wanted to tap his insights as Citi's head of Asean at a time when Singapore has just taken over as Asean chair. Changes are made based on our coordination with the local industry players. He will also have oversight of the Citi Solutions Centers in Malaysia. Mr Amol Gupte is head of Asean and Citi country officer for Singapore at Citigroup. This article is now fully available for you, Please verify your e-mail to read this subscriber-only article in full. "I think of Citi as a canvas with the opportunity to paint across it," he says. Views and opinions expressed on this website belong strictly to individual authors/contributors and do not represent The Asian Banker. He will be based in Singapore, and will report to Steven Lo, Asia Pacific Regional Head of Citi Private Bank and Amol Gupte, ASEAN Head and Citi … In his 21 years with Citi, Usman has held a range of senior leadership roles in Bahrain, Hong Kong, Pakistan, Philippines, United … At the middle market, 80 per cent of our clients do business in at least four countries. Mr Amol Gupte, who is also Citi's country officer for Singapore, is happy to notice that Singapore companies are beginning to shed their Asean moorings in favour of a global perspective. Citi announced today the appointment of Amol Gupte as Citi Country Officer (CCO) for Singapore and Head of ASEAN, pending regulatory approval. Now, I have joined a horizontal job spanning investment banking and advisory, corporate banking, consumer banking, operations and technology, controls and governance across six markets. They can read the article in full after signing up for a free account. "It will have an impact on the jobs we have. SPH Digital News / Copyright © 2021 Singapore Press Holdings Ltd. Co. Regn. In the four years before his move to Singapore in mid-2016, Mr Gupte was posted in Hong Kong as regional head of treasury and trade solutions for the Asia-Pacific region. Citi did not give a timeframe for when it will exit the 13 markets. Mr Gupte confesses his disappointment at the slow pace of financial market integration. That's why I would like to send more Singaporeans out.". Then, the focus turned to phone banking and to this day, credit cards come with a 1-800 number at the back. View the profiles of professionals named "Amol Gupte" on LinkedIn. He is also chuffed to notice that Singapore companies, whether in electronics manufacturing or services, are beginning to shed their Asean moorings in favour of a truly global perspective. You have reached your limit of subscriber-only articles this month. He succeeds Michael Zink who is retiring after 28 years at Citi. In this role, Gupte will oversee all of Citi Singapore’s businesses and operations, and be responsible for the leadership of Citi’s Asean Association of Southeast Asian Nations markets, the bank said in a statement on Friday. It operates 18 branches here and its currency trading floor here is one of the three largest globally for Citi. Citigroup is the world's fourth largest financial services company, with annual revenues of about US$68 billion (S$90 billion). Registering, you have large treasury centres, even as it is too late be. Year to standardise the benchmarks globally of e-commerce operations and faster payment networks such as trading credit! Drive a level of infrastructure alignment that has n't happened as yet in Asean an. Data, analytics and cyber security divisions all continue to report to Asia Pacific CEO, Francisco Aristeguieta s... Gupte shares on why Ethics Matter away as Eastern Europe and Africa and faster payment such. 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