The Royal Bank of Scotland (RBS) announces a new product structure for the Global Transaction Services (GTS) division.
The new strategy for GTS combines the global product group into one channel to further improve customer efficiencies - focusing on working capital optimisation, risk mitigation, improving liquidity and ultimately driving profitability. Ron Kalifa, Head of Global Products, GTS will lead the combined International Cash Management, Global Trade Finance and Global Merchant Services & Commercial Cards (GMS&CC) teams.
Ron Kalifa, Head of Global Products, GTS - Ron's new role will be to further improve product synergies and cross-selling across all divisions including International Cash Management, Global Trade Finance and GMS&CC. Ron has over 20 years experience within the bank and has held several roles, previously Managing Director GMS&CC.
Ron Kalifa, Head of Global Products, GTS, states: "Our primary concern is to focus on client efficiencies and how we can best serve the GTS client base. Selecting a new team of high calibre individuals with relevant experiences demonstrates our commitment to providing a comprehensive transaction banking proposition. The new combined product strategy is designed to improve working capital efficiencies as clients come out of the global economic downturn. Our consultative approach will tailor solutions for each clients needs and provide a 'one stop shop', that offers maximum efficiencies and economies of scale".
The following members of the management team will report into Ron Kalifa:
Adnan Ghani, Head of Global Trade Finance, GTS - Adnan will be managing the trade portfolio, including trade services, trade finance and supply chain finance, incorporating the MaxTradTM product across all services. Previous to this role, Adnan was Head of Trade Asset Management, part of the trade finance team.
Raghav Prasad, Head of Global Merchant Services, GTS - His new role will be to manage the merchant acquiring businesses, including the RBS WorldPay product. Previously Raghav was Head o of Global Commercial Cards.
David Rockcliff, Head of Global Commercial Cards, GTS - David's new role will be to manage the commercial cards business. He previously headed the Global Travel Money Services division, which will continue to report to him.
David Manson, Head of International Cash Management, GTS - His group is responsible for managing the Bank's provision of payments and global treasury and investment management solutions for both Corporates and Financial Institutions. David has more than 20 years' experience in international banking.
Brian Stevenson, CEO, Global Transaction Services, RBS, states: "Our strategy moving forward is to continue our global presence and maintain our position as the top five global transaction bank globally. In the next few years we will build on our strong European home market, become a leader in SEPA and also retain our 38 in-country global network to service the needs of our international client base".