US investment bank Citi has created a new role within its markets and securities services division as the business adapts to Brexit, according to an internal memo seen by Global Custodian.
Fabio Lisanti has been appointed western Europe markets head – excluding the UK – and will oversee the strategy across the region and deliver the full product platform to all client segments.
Citi said the role had been created to “facilitate greater connectivity, even stronger client alignment and enhanced efficiency across western Europe countries post-Brexit”, and to take advantage of growth and market opportunities, the memo said.
Lisanti will report directly to Leo Arduini, EMEA head of markets and securities services, who penned the memo, as well as Conor Davis, EMEA head of investor sales, and Flavio Figueiredo, global head of rates and currencies corporate sales. All country markets heads across western Europe will report into Lisanti.
Having first joined Citi in 2016 as head of markets and securities and services for Italy, Lisanti shortly after expanded his remit to include Switzerland, Greece, Liechtenstein and Cyprus. He has also previously spent 20 years with UBS in various senior roles, and led the global businesses of debt capital markets, institutional and corporate solutions sales and fixed income structuring.
The markets and securities services business at Citi has undergone a restructure in recent months. The investment bank moved in July to merge its equities, prime brokerage and securities services units into a single division.
Known as equities and securities services (ESS), the business is jointly led by Dan Keegan, head of equities, and Okan Pekin, global head of prime, futures and securities services. The unit was previously led by Murray Roos, co-head of equities, alongside Keegan and Pekin, but Citi confirmed in January that Roos had decided to leave after five years. He was named as the new group director of capital markets with the London Stock Exchange Group shortly after.