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Stability, rich talent pool in South-east Asia drive double-digit growth for Citi across inter-Asean trade corridors

Stability, rich talent pool in South-east Asia drive double-digit growth for Citi across inter-Asean trade corridors

By Swedan Margen

Fashion

Governments in the region are welcoming of supply chain shifts, says the bank’s co-head of corporate banking

THE South-east Asia region is favoured for its relative stability, geographic location and talent pool, which make it a good region for businesses to diversify their supply chains, said Jason Rekate, co-head of corporate banking at Citi.

He noted that South-east Asia has “become a really interesting target” – client activity at the bank is up double digits on the year, across its Asean trade corridors with other markets.

For the first three quarters of 2024, client activity between Taiwan and Asean is up 20 per cent on the year, India-Asean rose 30 per cent, and Japan-Asean increased by 15 per cent.

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Originally published by businesstimes.com.sg. Syndicated material does not necessarily reflect the views of Grazia British.

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