Transaction banking’s increased prominence in the global financial landscape has been well documented, but its increased standing has created issues as well as openings for market participants. Its rise in popularity has led to more competition, while the impact of macro-economic conditions, higher customer expectations and an unprecedented regulatory burden has made it increasingly tough just to stay in business. At a recent round table hosted by The Banker, a panel of industry experts discussed the challenges and opportunities faced by today's transaction bankers. The event, part of an ongoing series, was sponsored by Royal Bank of Scotland, but independently written and edited.
After spending well over a decade building out UBS's electronic trading business, Tim Wildenberg made the move to Citi in search of fresh challenges. He tells The Banker why he switched banks, and discusses the opportunities and priorities of his new role.