People moves: Citi and Beacon make changes

Citi names new EMEA TTS head

New York-based multinational financial institution Citi announced the appointment of Mark Smith as head of treasury and trade solutions (TTS) for EMEA with immediate effect. Smith will be reporting jointly to global head of TTS Naveed Sultan and CEO of Citi’s EMEA business David Livingstone.

Smith has held several senior posts over 22 years at Citi, most recently as global head of liquidity management for TTS, with responsibility for managing over 50 percent of the bank’s deposit base.

Beacon appoints new head of supply chain finance

London-based Digital freight forwarding and financing provider Beacon appointed Brenton Booth as the head of supply chain finance.

Prior to joining the company, Booth ran his own strategy and product development consultancy, Epic Growth. He also served as Barclay’s head of working capital finance, and then the bank’s head of global product management for trade and working capital.

Beacon co-founder and chief executive Fraser Robinson said this appointment will help the company “scale our supply chain finance product – our biggest differentiator in the market.”