Citi has appointed Francesco Vanni d’Archirafi to be head of Global Transaction Services (GTS), reporting to Institutional Clients Group CEO John Havens. The bank also announced that Paul Simpson will assume responsibility for the Treasury and Trade Solutions business, reporting to Vanni d’Archirafi. Vanni d’Archirafi succeeds Paul Galant, who has taken an assignment running Citi’s North American and International Credit Cards businesses.
Prior to his current appointment, Vanni d’Archirafi was global head of Treasury and Trade Solutions and, before that, head of Global Transaction Services for Europe, Middle East and Africa, where he had responsibility for cash management, trade finance, trade services and the securities and fund services businesses across the region. He has served in numerous leadership roles in his extensive career at Citi, beginning in 1983 when he joined the bank as a management associate in New York.
Prior to his new appointment, Simpson led multiple global businesses within GTS including: wholesale card services (commercial card, prepaid/stored value), public sector business solutions, and healthcare solutions. Before joining Citi, he was a managing director in JPMorgan’s Treasury and Securities Services Division where he was responsible for several businesses including: trade & logistics, wholesale card services, public sector business solutions, and healthcare.
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