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.
Citi and JP Morgan both recorded a 12% increase in the second quarter for their securities services businesses.
In March, Citi’s Proxymity won Global Custodian’s Innovation in Securities Services technology award for its potential to disrupt manual proxy voting processes.
Citi created the PFSS division in 2017 after combining the direct custody and clearing business with investor services
Former Citi derivatives expert to join BNP Paribas' prime solutions and financing division.