Citi’s services business, which incorporates payments, liquidity management services, trade and working capital solutions, issuer services, and investor services, has appointed Steve Taylor as head of data and client platforms for issuer services and investor services. He is based in Boston, reporting to Okan Pekin, who has oversight of Citi’s custody, fund services and execution…
Category: Citi
Clearwater hires APAC sales head
Clearwater Analytics, a U.S.-based provider of investment management, accounting, reporting, and analytics solutions, has appointed George Hindmarsh as head of sales and business development for Asia-Pacific. He joins Clearwater from Citi, where he held senior roles in securities services across London, Edinburgh, Singapore, and Hong Kong. Most recently, he was responsible for Japan, Asia North…
Pekin to leave Citi
After 35 years with Citi, the last 11 as global head of securities services, Okan Pekin is leaving the bank. It is understood that he will take some time off and that he is not moving to a competitor. In the meantime, issuer services will report directly to Shahmir Khaliq, head of services, whilst a…
Osman joins Waystone
Ali Osman has joined Waystone as head of product pricing and leads global pricing strategy. Before joining Waystone he was product manager for institutional investors at BNP Paribas. Prior to this, he held a combination of product solutions, strategy and financial management roles in both the UAE and the UK for Citi’s custody and fund…
Pirum hires for U.S. expansion
Pirum, the UK-based technology provider for securities finance automation and collateral management, has hired Reid Cheyne as director of fixed income sales, Americas. Following RepoConnect’s success, he will lead on accelerating Pirum’s expansion in the U.S. and wider North America’s fixed income industry. He was most recently at Citi, where he moved from directing fixed…
Citi launches CSLA in Asia
Citi has struck an innovative deal with Maybank Securities in Singapore, enabling Maybank Securities to facilitate the lending of retail clients’ global equity holdings using Citi’s platform, Citi Securities Lending Access. Maybank Securities will leverage its position in Singapore and its large ASEAN client base to utilise the CSLA platform. Launched in 2021, CSLA combines…
State Street makes senior appointment in ME
State Street has appointed Majed Al Hassoun as country head for Saudi Arabia and Bahrain. Reporting to Oliver Berger, head of emerging growth markets, and Emmanuel Laurina, head of Middle East, Africa and official institutions, for State Street Global Advisors, he is based in Riyadh, and will also act as CEO of State Street Saudi…
U.S. Bank expands APAC network
U.S. Bank has appointed Citi and HSBC as sub-custodians for its Asia-Pacific network. The initial markets included in this move are Hong Kong, India, South Korea and Taiwan. U.S. Bank is using Citi for India, whilst HSBC will be sub-custodian for Hong Kong, South Korea and Taiwan. Additional Asia-Pacific markets will be added in the…
Capitolis raises more funds
Capitolis, the fintech focused on capital markets, has received new investments from four banks. The new funding round is led by Citi and includes State Street, both existing investors in Capitolis, as well as new investors Morgan Stanley, and UBS. Each bank will invest USD5m and will join other existing investors including Andreessen Horowitz (a16z),…
Waystone hires CPO
Waystone, the Europe-based provider of specialist services to the global asset management industry, has appointed Pervaiz Panjwani as chief product officer. Prior to joining Waystone, Panjwani was at Citi, where he held several global and regional senior roles across product, sales and relationship strategy in asset servicing, including co-global head of fund services, where he…