Citigroup is ramping up efforts to expand its customer base by focusing on midsize companies in Japan. The Wall Street bank has established a team in Tokyo under the brand of Citi Commercial Bank, offering tailored products such as global cash management and financing to meet the needs of firms with cross-border businesses. Led by Yutaka Naito, the group aims to provide similar tools from international banks as those available to large corporate clients.
With Japan being home to approximately 9,000 midsize companies, Citigroup sees a significant opportunity to grow its business in the country. The government’s initiatives to support these entities with capital investment subsidies and aid for foreign expansion further highlight the market potential. Gunjan Kalra, head of Japan, North Asia, Australia, and South Asia for Citi Commercial Bank, emphasized the bank’s commitment to serving the Japanese market and its recognition of the country’s innovative companies with global connections.
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