Citi reshuffles North America markets and securities services leadership
GC Legend Lee Waite, who previously led the division, was appointed chief executive officer of Citi’s Japanese securities and banking units in June.
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.
Citi launched Velocity Clarity in June last year with the aim to consolidate data across its custody and fund services business.
The upcoming rule changes will involve a dramatic increase in the amount of data reported by mutual and exchange traded funds.
Jamie Dimon praises securities services segment which produces 16% rise in revenues during Q1 2018.
Over the past two years Citi has identified Luxembourg has a key growth market for its investor services business.