Category: Citi

BNP Paribas’ securities services business has appointed John Ferrara as head of sales and relationship management for the institutional investors client segment in the Americas. Based in New York, he reports to Dennis Bon, head of BNP Paribas Securities Services in the Americas, and Alvaro Camunas, global head of client development for BNP Paribas Securities…

Marketnode, the Singapore-based joint venture between Temasek and SGX, has launched Fundnode, an industry-wide investment funds utility using distributed ledger technology. Fundnode will begin by streamlining fund processes, facilitating simplified subscription, redemption, and record-keeping workflows for funds offered to retail investors (Authorised Collective Investment Schemes). Pilot phase participants of Fundnode will include fund distributors, fund…

DTCC has launched a new service, the 1042-S Classification Announcement. The new offering will enable issuers to directly provide DTCC’s subsidiary, DTC, with IRS Form 1042-S tax withholding information on distributions prior to the payable date, lowering the amount of tax withheld on distributions for non-U.S. investors. DTCC collaborated with BlackRock and Citi’s securities services…

Citi’s securities services business has become the latest to sign up to use Saphyre, a fintech company using AI technology, to manage new account openings and maintenance. Saphyre’s platform provides Citi with an additional option to parallel its existing account management solution and can provide the benefit of substantially automating and expediting client onboarding.

Citi has hired Joe Bonanno as global head of data, digital and innovation for its securities services business. Bonanno joins from Morgan Stanley, where he was most recently head of analytics and data strategy, architecture, and platforms for its wealth management division. Fiona Horsewill, global head of data and digital, Michael Hlava, global head of…

Citi has selected METACO to develop and pilot digital asset custody capabilities. Citi intends to integrate METACO’s bank-grade digital asset custody and orchestration platform, Harmonize, into its existing infrastructure, to develop and pilot digital asset custody capabilities.

Citi has announced some senior management changes in Europe: Alex Todd has been appointed head of securities services for Europe. He will report to Maria Cantillon, EMEA head of securities services sales, Kristen Braden, and Bryan Murphy, global head of bank sales. He will continue in his role as EMEA head of bank sales. He…