NEW YORK--(BUSINESS WIRE)--

Citi is pleased to announce that Brian Ovaert has joined the firm as a Managing Director and Global Head of Securities Services and Issuer Services Operations. In this new role, he will be responsible for all day-to-day activities, re-engineering initiatives and overall strategic direction of the Securities Services operations function. He will be based in New York and report jointly to Stuart Riley, Global Head of Markets and Securities Services Operations & Technology, and Okan Pekin, Global Head of Prime, Futures and Securities Services.

Mr. Ovaert has more than 25 years of experience and has held numerous regional and global leadership positions in Chicago, London, Bangalore and Hong Kong. He joins Citi from Northern Trust where he was most recently an Executive Vice President and Head of Enterprise Operations across Asset Servicing, Asset Management and Banking. Mr. Ovaert started Northern Trust’s Fund Accounting activities in 1992 and has since built a world-class client focused global operations platform.

“This is a significant leadership role for the Securities Services business and it’s a pleasure to have someone of Brian’s caliber join our team,” said Stuart Riley. “He has a strong track record and a wealth of experience that will have an immediate impact on our growing franchise.”

“The Securities Services platform is of critical importance to the Bank as we continue to expand our global capabilities,” said Okan Pekin. “Brian will complement our existing strengths and help build upon the momentum we have achieved.”

Citi, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management.

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