Citi Global Transaction Services Expands Senior Team

Citi’s Global Transaction Services business has appointed Jervis Smith as global head of client executive within Securities and Fund Services and Richard M.F. Ernesti as global head of investor services client and sales management. Both will be based in London.

Smith has rejoined the Global Transaction Services Division at Citi to manage the delivery of account management and client service for Citi’s investor clients around the world. Having helped to build Citi’s businesses for a number of years, he will continue to leverage the relationships developed over a fifteen year participation in the Funds industry. Until recently he was running the Financial Institutions franchise in the Corporate Bank for Managed Funds and Middle East.

Ernesti will be responsible for managing the international sales teams for the securities custody and clearing, fund accounting, trustee services, alternative investments administration and the securities lending businesses. Richard has held a number of senior roles at Citi, most recently as the Global Head of Prime Broker Relationship Management in Citi’s Prime Finance division. Richard has a tremendous experience and knowledge of the Prime Brokerage business having played a key role in growing the business across the globe.

Dirk Jones, global head of financial institutions client sales management, GTS, Citi, said, “Both Jervis and Richard are widely recognised and respected in the securities and fund services industry and will lead an important effort in both maintaining and growing Citi’s GTS business. These appointments are testament to Citi’s commitment to continue to provide clients with expertise of the highest calibre”.


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