HSBC Securities Services hires former Citi and JP Morgan veteran to lead asset manager and asset owner sales and client managemet.
By taking over RBC’s Australian client-base, Citi will become the second largest custodian in the country, behind JP Morgan.
Cloud-based system set up by industry veteran and the driving force behind Citi Velocity Clarity is placing environmental sustainability at the heart of its business.
Fabio Lisanti takes on new role as western Europe markets and securities services head as Citi adjusts to the UK’s departure from the EU.
Shared ledger technology provider Cobalt gained a strategic investment from early supporter Citi in 2016.
The appointment is the latest in a string of moves by Citi to upgrade its middle-office platform for asset managers.
The seismic shift from active to passive management spells significant implications for traditional investment managers.
Citi merged its equities, prime brokerage and securities services businesses into one unit in July, with an aim to capture greater market share.
Citi aims to capture increased business from existing and prospective hedge fund clients by offering a full coverage of pre- and post-trade services.
Citi launched the Clarity Velocity platform for its custody and fund services business in 2018, and has subsequently earned industry-wide recognition.