Citi has announced the launch of Citi Commercial Bank (CCB) in Japan, which will focus on supporting mid-sized companies in the country.
The launch complements Citi’s existing banking capabilities in Japan, which currently supports large Japanese corporations and global multinational companies operating in Japan.
Gunjan Kalra, head of Japan, Asia North & Australia, and Asia South for CCB, said in a statement: “Citi is dedicated to supporting mid-sized companies with their growth journey. Japan is home to many new and innovative companies, with global linkages and cross-border business needs.”
Citi recently appointed Yutaka Naito as head of CCB for Japan. In this role, Naito will oversee CCB’s business and operations in the country. He is responsible for driving the growth of the business, its financial performance, and building new client relationships.
Naito will also work closely with Citi’s markets, services, and broader banking businesses. He joined Citi as treasury and trade solutions Japan corporate and public sector sales head in 2019.
“With the launch of the CCB in Japan, we are pleased to be able to offer these clients the same capabilities that Citi offers the world’s largest companies, customised to their specific needs,” said Marc Luet, cluster and banking head, Japan, Asia North and Australia.
The services include trade and working capital, treasury and liquidity management, global markets capabilities, capital markets solutions, and advisory services.
The opening in Japan follows the launch of CCB in France and Ireland in 2023, as well as Germany, Switzerland, and Canada in 2022. Citi already provides full-service institutional banking with offices in Tokyo, Osaka, and Okinawa.
CCB now serves clients in 12 markets in Asia including Australia, mainland China, Hong Kong, India, Indonesia, Japan, Malaysia, Singapore, South Korea, Taiwan, Thailand, and Vietnam.
