Citi announce Co-Heads of Trade Business in EMEA


London – Citi has announced the appointment of Peadar MacCanna and Murat Demirel as Trade Co-Heads for its Treasury and Trade Solutions (TTS) business in EMEA. Based in London, Peadar and Murat will report to Ebru Pakcan, EMEA head of TTS, and John Ahearn, global trade head, TTS.

In the newly created role, Peadar and Murat will have joint ownership and responsibility of the trade business for the region. The revised structure will allow them to maximize their time to develop product capabilities, client propositions, whilst driving the trade agenda for the business. Peadar will lead trade services and transactional flows, while Murat will be responsible for trade finance and structured solutions. They will join the TTS EMEA Executive Committee (ExCo) as well as the TTS trade global ExCo.

Ebru Pakcan, EMEA head, TTS commented: “Given the size and scope of the trade product set in the region, and considering the diverse nature of the EMEA markets, we decided that by establishing a new leadership structure, we will be able to ensure that every aspect of our trade business is managed to the highest standard. The combination of Peadar and Murat’s experience within Citi as well as the industry more generally, will provide the perfect balance for leading this business going forward.”

John Ahearn, global trade head, TTS commented: “Our trade business represents a core pillar of TTS both within EMEA and globally. To fully leverage Citi’s global footprint and to maintain Citi’s leading position in the industry requires strong management oversight of a broad range of funded and unfunded trade products and solutions. I look forward to working with Peadar and Murat as we continue to grow our trade business globally.”

Citi’s trade platform incorporates working capital and supply chain management, trade services (including specialized trade programs) and export and agency finance products, which work to create end-to-end solutions ranging from short- and medium-term financing to complex structured trade models.

Peadar joined Citi in 1997 and held a number of roles in funds accounting and securities services before he joined Trade in 2003 to run the Insurance LOC business and establish the Citibank Europe plc platform. Most recently, Peadar was EMEA Head of Trade Finance based in Dublin as well as Head of Trade business for Europe and Citibank Europe plc.

Murat rejoins Citi from Oger Telecom Limited where he was chief financial officer since 2013, based in Istanbul. Prior to this, Murat served at Citi as Head of Corporate Finance for CEE and Turkey and before that as the head of corporate investment banking in Turkey. He has held multiple other roles in a number of different locations including head of loan syndications for CEEMEA in London during a 19 year career at Citi.


Most recent episodes

Future Monetary Policy Path Sets Markets Against Central Banks

Welcome to the latest edition of Liquidity Link Live, your exclusive market analysis provided by Northern Trust Asset Management.


Podcast - Journeys to Treasury Deep-Dive: Cash Flow Hedge Accounting at JT Group

Listen to this audible case study, which provides a lens over the details of a recent cash flow hedge accounting project undertaking by the JT Group treasury team.


Podcast - Innovation as an Enabler: Sustaining Global Trade Finance in Uncertain Times

J.P. Morgan's Bayo Osolake, who joins Eleanor Hill (TMI) to discuss how treasurers can facilitate global trade in the currently turbulent macroeconomic environment.


Relative Normality On Horizon — But Divergent Monetary Policy Pathways Likely

Welcome to the latest edition of Liquidity Link Live, your exclusive market analysis provided by Northern Trust Asset Management.


Audio TMI - MMF Reform Proposals Threaten LVNAV Viability for European Treasurers

Proposed MMF changes currently being debated at European Commission level endanger the utility of one of the most popular forms of MMF used by corporate investors across the continent.

Audio TMI - Special FX

Two experts from NatWest share the inside track on how treasurers can better manage FX risks by shaking up legacy processes and old-fashioned thinking, improving data coll...


Audio TMI - Roadmap Towards a First-Class Group Treasury

As the perennial debate continues around the pros and cons of a centralised tre...


Audio TMI - How Etihad Covered all Three ESG Elements in One Sustainability-Linked Financing

Etihad Airways recently raised US$1.2bn in the first sustainability-linked loan in global aviation with terms that relate to all three areas of ESG.


Reducing Friction in International Payments: Five Steps for Treasury Teams

What are the steps that treasury teams can take to remove roadblocks in processing international payments? Daniela Eder, Gibran Maqsood, and Karsten Becker (Barclays) to answer this question.


Keeping the Plates Spinning: the Art of Treasury Project Management

Sandra Shen (Actualize Consulting) joins TMI's Tom Alford to offer professional insight into what defines successful treasury project management.