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Citi creates opportunities for Chinese corporates in B’desh

FE Desk | April 11, 2019 00:00:00

Citibank, N.A., Bangladesh recently hosted the "China Day Event" underlining Citi's commitment to support Chinese clients operating in Bangladesh.

Economic Counsellor Li Guangjun, Embassy of the People's Republic of China, clients and Regional and Cluster Seniors from Citi, attended the event.

Delivering the opening remarks, James Morrow, Citi Sub-Cluster Head, for Bangladesh & Sri Lanka, outlined Citi's focus on serving Chinese clients and connectivity with the Belt and Road Initiative (BRI).

"The Belt and Road is a very ambitious plan that holds the potential to support the development of many countries. It is a truly transnational in scope covering over 120 countries, home to 65% of the world's population and 41 % of GDP. Citi with its worldwide network is in over half of these markets and is perfectly positioned to act as a partner," he added.

Rajashekaran, Managing Director and Citi Country Officer, Bangladesh, said: "We are banking many of Asia's corporate champions and major MNCs. With a global network and in-depth local market knowledge, we are uniquely positioned to advise our clients as they think through this evolutionary process and the potential future optimization of their operations and supply chains."

Shams Zaman, Bangladesh Head of Corporate and Investment Banking added, "With our local expertise and long-standing relationships with clients and regulators along the Belt & Road, it places Citi in an excellent position to be the partner of choice for clients as they move forward on the BRI".

Covered during the event was an overview of Citi's capabilities across the Belt and Road from areas such as Corporate and Investment Banking, Treasury and Trade, Securities Services and FX Solutions.

The event was also attended by Beibei Li, Citi Global Head of BRI; April Zhou, representative , Citi South Asia China Desk; Jamie Wang, representative Citi Greater China Desk and Wang Huan, representative, Citi Asia Pacific Product Sales China Desk.

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