Citi plans to open more Korea desks this year to provide institutional banking services to Korean multi-national clients in Vietnam and further across Europe.
Currently, Citi Korea operates Korea desks in seven locations, including Shanghai, Beijing, Singapore, London and New York, providing institutional banking services to Korean multi-national clients.
The U.S. bank plans to continuously open more desks to serve Korean companies in key countries where they operate, it said in a media release. The latest new Korea desks to be opened include one in Hanoi, Vietnam in July and one in Prague in September in the Czech Republic.
The new desks will be staffed by a combination of local employees and staff from Korea with financial services including corporate banking, investment banking, local debt raising, foreign exchange, cash management and trade finance to be provided.
Growing With Asian Multinationals
Over recent years Citi has invested in building up a network of Asia desks across the world to support these types of companies in the local markets in which they operate.
The national desks have proved to be a strong foundation for Citi’s strategy of growing its business with Asian multinationals globally.
«Asian desks are core to Citi’s strategy of increasing and growing our relationship with some of the bank’s most important and rapidly internationalising clients in the region,» said Gerald Keefe, Head of Corporate Banking for Citi in Asia.
Citi now has 9 China desks around the world and an India desk in New York.
