The tech giant has launched ANEXT Bank to help regional SMEs expand overseas. Through partnership with MAS-backed Proxtera, the pair will help Asian corporates secure financing.
The wholesale platform is drawing upon the group buying strategy employed by consumers during Shanghai’s lockdowns, to counter rising shipping and inventory costs.
Mark England succeeds Martin Carpenter following his retirement. He will continue his responsibilities as co-head of Sales for Citi Securities Services, APAC.