Its key corridors include Korea to ASEAN, Korea to China, Korea to India, Japan to ASEAN, Japan to China and China to ASEAN. “Asia is capturing a greater share of global trade and US companies will increasingly target Asia and we expect strong growth as intra-Asian trade corridors expand further,” said Gerry Keefe, Citi’s head of corporate banking for the Asia-Pacific. Citi opened additional Asia desks over 2017and 2018 to help clients as they look to expand to new areas and markets across these corridors. The bank now has over 20 Asia desks in operation – including 11 China Desks, nine Korea Desks and an India Desk in New York and Korea. The work Citi does for clients in these corridors includes capital raising, M&A, trade finance, cash management and FX hedging.

Source: bd News24 February 14, 2019 11:15 UTC