Citi has added three key executives to its global securities services and issuer services (SS&I) operations team.
Citi already offers direct custody and clearing services in Denmark, Finland and Sweden, with expansion taking its European sub-custody network to 37 markets.
Citi is the second bank the SEC has taken action against for ADR pre-release abuses within its depositary banking business.
The hire will help fill a gap left by its long-time global head of securities finance equity trading, who left the bank in the summer.
The two US investment banks are the first to report their quarterly earnings, with their results often seen as a reflection of the current state of the banking industry.
Frank Anduiza will lead the sales efforts for BNY Mellon’s hedge fund services business in the US, Canada and Latin America.
Julie Kerr joins Citi from EY where she was a partner for the financial services, wealth and asset management division.
GC Legend Lee Waite, who previously led the division, was appointed chief executive officer of Citi’s Japanese securities and banking units in June.
The global heads of capital introduction at some of the biggest prime brokers have left this year to pursue new ventures.