Citi’s Global Transaction Services has announced the appointment of David Martocci as managing director and global product manager of third-party securities lending and business development within its securities and fund services unit. Third-party lending programs provide a full-range of securities lending service for clients who have a custody relationship with another institution.
In this position, Martocci will be responsible for the development, management and sales for Citi’s third-party securities lending program, and will serve as a member of Citi’s Global Securities Finance’s Management Committee. He will work closely with Richard Ernesti, global head of investor sales, to drive the sales initiatives for the business.
UK firms investment in training and development will increase, on average, by a fifth in the next year, claims Robert Half recruitment after interviewing 100 financial services (FS) executives.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.