Andrew Gelb, head of direct custody and clearing (DCC) for Citi in New York, is re-locating to London, where he will become SFS Head of EMEA. Gelb will also run the Investor Services products in EMEA.
Gelb has worked in several countries already, and managed Strategy and Planning for GTS before assuming leadership of DCC, the largest product within SFS.
Gelb will continue as the Global Head of DCC until a successor is identified. He will report directly to Neeraj Sahai, the Global Head of Securities and Fund Services, and Naveed Sultan, GTS Region Head for EMEA.
With over $1 billion in revenue, and 26 locations, EMEA is the largest region within the SFS franchise.