CEO, Citi Enterprise Payments Business Unit
Paul Galant is CEO of the Citi Enterprise Payments business unit which leverages the bank’s industry-leading wholesale and retail payment capabilities across regions and organizations globally. In this role, Paul oversees the design, marketing and implementation of comprehensive business-to-consumer and consumer-to-business payments solutions for the world’s largest global corporations and financial institutions, as well as governments.
Prior to this, he served as the CEO of Citi Cards, heading Citi’s North American and International Cards business, leading the business through a time of dramatic change in the industry. Citi’s global credit card business provides credit for people and businesses the world over. The franchise is a market leader and encompasses card activities in 50 countries across six continents.
Earlier, Paul served as CEO of Global Transaction Services (GTS), a division of Citi’s Institutional Clients Group. Global Transaction Services is one of Citi’s publicly reported product lines, offering award winning and industry leading Treasury and Trade Solutions, and Securities and Fund Services capabilities to corporations, governments, financial institutions and investment advisors worldwide.
Previously, he was the Global Head of the Cash Management business, one of the largest processors of cash flows globally, covering all geographic regions including North America and Latin America, Europe, the Middle East, Africa and Asia Pacific. Under Paul’s leadership the Cash Management business experienced strong growth and a significant improvement in its operating performance. It was also recognized for innovation and excellence by many publications including Euromoney, the Banker and Global Finance.
Before this, Paul was Global Head of eCommerce and Market Data Strategy for Citi Corporate and Investment Banking. Paul and his team set strategic direction and coordinated execution of eCommerce initiatives, advised on eCommerce alliances, consortia and joint ventures, set market data strategy, managed market data relationships and developed global agreements that generated cost savings, allowed greater distribution and leveraged purchased content and functionality.
Previous positions before joining Citi were with Donaldson, Lufkin and Jenrette as Global Head of Ecommerce and Financial Engineering within Debt Capital Markets as well as Management Committee member; with both Smith Barney and CSFB heading Financial Engineering Divisions; and as President and Founder of BTP Information Services, Inc.
Paul holds a B.A. from Cornell University where he graduated a Phillip Merrill Scholar. He was featured in Institutional Investors Online 40 (2010, 2008), by Crain’s New York Business as a member of its “40 Under 40” (2006), by Global Finance as a member of their “Who’s Who in Treasury and Cash Management” (2006) and by CNBC as a “Young Gun” in its “Five Under 40” profile (2006). He serves as an Executive member on the NY Weill Cornell Medical Center Council.