The appointments are the latest in a series of senior leadership changes for Citi’s global securities services business.
Chicago-headquartered custodian has created a service to cover all points of the investment lifecycle with landmark BlackRock partnership becoming a key component of the plan.
After poaching BNY Mellon's former CEO in September last year, Wells Fargo has hired the global custodian's head of operations for a similar role.
The new technology will help banks that have relied on multiple reconciliation platforms that use legacy technologies which can be up to 20 years old.
Clearstream’s current strategy has been focused on the continued rollout of its InvestorCSD, and the expansion of its investment fund services business.
Data strategies, technological challenges, and front-to-back office operating models dominated the discussions at InvestOps Europe 2019 in London.
The changes include a new global head of asset servicing for custody operations and a new global head of fund administration operations.
Citi has added three key executives to its global securities services and issuer services (SS&I) operations team.
Since joining BNY Mellon in the summer of last year, Charles Scharf has highlighted a number of new strategic goals for the bank.