Citi employs some 9,000 people in Singapore, making it one of the largest employers on the island outside the Government. Fill in the form below to get instant access: Check our website for the new dates. In his 21 years with Citi, Usman has held a range of senior leadership roles in Bahrain, Hong Kong, Pakistan, Philippines, United … My competitive advantage is when people want to do business in multiple countries. See the complete profile on LinkedIn and discover Amol… The flows, he says, are not impressive, nor are they likely to build up rapidly, even with Singapore in the chair. Singapore is very different: a large offshore banking centre, a very large FX centre - those flows won't happen around Hong Kong. The idea is to get people to download the Citi app that can perform almost 90 per cent of the functions transacted over the phone. In this role, Gupte will oversee all of Citi Singapore’s businesses and operations and lead Citi’s Asean cluster of markets. SINGAPORE – Citi today announced the appointment of Lung Nien LEE as Chairman, South Asia of Citi Private Bank (CPB), effective September 1, 2020. He will report to Steven Lo, Asia Pacific regional head of Citi Private Bank and Amol Gupte, ASEAN head and country officer for Singapore. See the complete profile on LinkedIn and discover Amol… A 29-year Citi veteran, Mr Gupte began his career with the computer company HCL before joining Citi's consumer banking business in Mumbai. A British citizen, Mr Gupte holds a Bachelor of Science (Major in Statistics) and a Master’s of Business Administration from Bombay University, India. This article is now fully available for you, Please verify your e-mail to read this subscriber-only article in full. 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. 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. Likewise, in consumer banking we used to go all the way down the pyramid. Amol has 6 jobs listed on their profile. As a result, you have large treasury centres, even of Chinese companies, here in Singapore.". Amol Gupte during the grand finale of 'My City My Parks Program' at Phoenix Mills in Mumbai on February 28, 2012. While he is not allowed to share numbers, consumer cards, wealth management, investment and transaction banking are all growing superbly, he notes. 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. 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.” "Businesses that have global aspirations benefit the most from banking with us," he explains. Citi announced today the appointment of Amol Gupte as Citi Country Officer (CCO) for Singapore and Head of ASEAN, pending regulatory approval. There i s also a lot more emphasis on compliance and governance. He started his career with Citi in the Consumer Bank in India with roles in Sales, Product Management and Treasury. 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. View Amol Gupte's business profile as Head Citi Country For Officer (Singapore) & Co-Chair at ASEAN companies. But at a recent strategy session, Citi bankers pondered whether a phone unit was needed at all. 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. 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. Amol has 1 job listed on their profile. 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. “Joel’s extensive international experience is an invaluable asset as we gear up our employees for the post-COVID world,” said Gupte. Amol Gupte (Non-Executive Director and Chairman) Appointed on 29 August 2016, Mr Amol Gupte is the Head of ASEAN and Citi Country Officer, Singapore. SPH Digital News / Copyright © 2021 Singapore Press Holdings Ltd. Co. Regn. Based in Singapore, Amol is responsible for the leadership of Citi’s ASEAN markets of Singapore, Indonesia, Malaysia, Philippines, Vietnam and Thailand. His response is to characterise the two cities as siblings that started out in life together but drifted apart in later years. 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. Changes are made based on our coordination with the local industry players. That begged the question: Have you not been tempted to move? "Today, Hong Kong stands for being a gateway for capital and commercial flows to and from China. 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. That breadth and depth is not common and speaks to the power of Citi. Such companies will drive a level of infrastructure alignment that hasn't happened as yet in Asean.". "I used to be a product vertical champion. "A lot of the Asean fabric has similarities," he says. Now, we are far clearer on who we want to do business with.". "I think of Citi as a canvas with the opportunity to paint across it," he says. The Asian Banker website does not provide financial advice, recommend or sell any financial product/service. 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. “As CCO, Gupte will be the main regulatory representative for Citi in Singapore and responsible for all businesses. Please get in touch with Sue Kim at skim@theasianbanker.com for further clarifications. Views and opinions expressed on this website belong strictly to individual authors/contributors and do not represent The Asian Banker. That said, one challenge he is yet to overcome is to convince his Singaporean staff to try postings overseas. Commerce has become so global.". He replaces Mr … Amol Gupte is ASEAN Head and Citi Country Officer (CCO) for Singapore. 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. Citi has appointed Amol Gupte as Citi Transaction Services (CTS) head for the Asia Pacific region. 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. 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. You have reached your limit of subscriber-only articles this month. For the rest, there is the phone service. 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. He was later transferred to London and New York. Citigroup Inc appointed Amol Gupte as Citi country officer for Singapore and head of ASEAN, pending regulatory approval. These are large growth pockets.". It operates 18 branches here and its currency trading floor here is one of the three largest globally for Citi. 27-02-18 / by Finbarr Bermingham. He has over 20 years of HR experience across the financial services industry in New York and Tokyo. Amol Gupte Citi appoints new trade and treasury boss in Singapore. 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. 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. "In both technology and trading, given our large footprint here, we have never found it difficult to get the people we need.". Many of these people do specialised functions such as trading complex credit instruments and G-10 currencies. "So, it is tough to project net impact on jobs over seven years but at the same time we are hiring a lot more relationship managers. "It is not just about Singapore and Asean. However, like other banks, it too is adjusting to industry developments. "There are good examples like these but I wish there were more," he says. The Institutional Clients Group, for instance, has been trimmed from 32,000 customers worldwide to around 14,000. That's why I would like to send more Singaporeans out.". Share gift link below with your friends and family. What progress is he seeing in Asean as an economic community? He will also have oversight of the Citi Solutions Centers in Malaysia. These days, 40 per cent of card origination is not done in malls or subways but online," he says. Citi, says Mr Gupte, is not looking for drastic cuts either in its branch network or the staff count on the island. Get unlimited access to all stories at $0.99/month for the first 3 months. 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.. Previously Gupte served in a number of senior TTS roles in North America, EMEA and Asia. "It is too late to be a football coach," he quips. There are also higher thresholds for Citigold and Citigold private clients segment. All done! 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. View Amol Gupte’s profile on LinkedIn, the world’s largest professional community. From there his international career blossomed. 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. Besides, your performance appraisals happen twice a week - on the pitch!". Married to a housewife, the Guptes have two sons. Brendan will report to Gonzalo Luchetti, head of consumer banking for Asia Pacific and EMEA, as well as Amol Gupte, ASEAN head and Citi country officer (CCO) for Singapore. Mr Gupte confesses his disappointment at the slow pace of financial market integration. Until we resolve the issues, subscribers need not log in to access ST Digital articles. View Amol Gupte’s profile on LinkedIn, the world’s largest professional community. And data, analytics and cyber security divisions all continue to grow. Yet, there is a more interesting dynamic at play in the combination of e-commerce operations and faster payment networks such as mobile wallets. As CCO for Singapore, he is responsible for all of Citi’s businesses and operations in the country. "It will have an impact on the jobs we have. View Amol Gupte’s profile on LinkedIn, the world’s largest professional community. For digital innovations specifically, Singapore has been an important test-bed for many of the group’s digital initiatives such as Citi Bot on Facebook Messenger, Voice Biometrics and Citi Pay with Points capability on Samsung Pay. But a log-in is still required for our PDFs. By registering, you agree to our T&C and Privacy Policy. Citi announced today the appointment of Amol Gupte as Citi Country Officer (CCO) for Singapore and Head of ASEAN, pending regulatory approval. There are 10+ professionals named "Amol Gupte", who use LinkedIn to exchange information, ideas, and opportunities. Then, the focus turned to phone banking and to this day, credit cards come with a 1-800 number at the back. 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? 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. "At the high end, all big Singapore corporations are international. The gift link for this subscriber-only article has expired. That's the shape of the world to come as well. At the middle market, 80 per cent of our clients do business in at least four countries. 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 … 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. "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. It is a first for any business group in Citi Singapore to commission a non-profit organisation for the design of its marketing collaterals. No. Amol Gupte, Asean head and Citi country officer Singapore, said: "As a leading international financial centre, Singapore is a critical hub for Citi, serving … 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. Surprisingly, even as it is a well-banked city, Singapore continues to be one of Citi's fastest-growing markets. They can read the article in full after signing up for a free account. 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. Mr Amol Gupte is head of Asean and Citi country officer for Singapore at Citigroup. 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. Amol Gupte is Managing Director and Region Head of Treasury and Trade Solutions in Asia Pacific. 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. Amol has 3 jobs listed on their profile. Citi recently launched a card that has a QR code rather than a phone number for credit card activation. Citi is paying me to do all this learning.". Some of Singapore's top bankers grew their wings in the group. He succeeds Michael Zink who is retiring after 28 years at Citi. Forty years ago, it was all about branch networks. Debopama Sen has been named head of treasury … Amol has 5 jobs listed on their profile. Amol Gupte, Citi In 2019, Citi’s commercial banking business reported revenue growth of 8% year on year, while cash revenue was up 20%. Join ST's Telegram channel here and get the latest breaking news delivered to you. Citi has appointed Amol Gupte as Citi country officer (CCO) for Singapore and head of Asean, pending regulatory approval. Such streamlining naturally raises the perennial worry of jobs. "People we send overseas and flush through the network value us in a different way. 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