The US bank has promoted its global head of fund accounting to the role responsible for the delivery of client service and solutions within securities services.
The appointments are the latest in a series of senior leadership changes for Citi’s global securities services business.
SEB loses head of investor services for Finland after over a decade with the bank.
Citi has made a number of recent moves to expand its sub-custody network over the past year with new businesses in Finland, Norway and Saudi Arabia.
Standard Chartered has recently undergone a major restructuring to the securities services business after combining it with prime finance services.
Citi said in an internal memo the changes to its equities and securities services unit will “allow for greater focus and accountability.”
Mixed fortunes for European custodians with a combination of double-digit revenue growth and some large declines during the first quarter.
A new report from GC and BCG has found the business models that have underpinned providers for years are now more fragile than they seem.