Citigroup has internally shifted Philippe Jaccard from Singapore to Hong Kong within its global transaction services (GTS) division. In the firmÆs Hong Kong offices, Jaccard will become regional head of global liquidity, investments and receivables for GTS, Asia-Pacific.

At Citigroup, Jaccard will report to Nigel Dobson, regional head of cash management.

Prior to his previous role, Jaccard held the position of cash product head for Singapore. Joining Citi in 2000, he also worked as regional assistant treasurer for Cargill in Asia-Pacific.

According to Citi, his appointment is reflective of the increasing importance of liquidity, investments and receivables within its GTS structure.