CITI'S GLOBAL TRANSACTION SERVICES BUSINESS EXPANDS IN CANADA
New talent, new geographies, new product lines as focused growth continues
TORONTO - November 9, 2010 – As Citi continues to deliver on its Canadian growth strategy, Citi's Global Transaction Services (GTS) business is pleased to announce the following additions to its team. These new additions represent the continued expansion of the business into several new geographies and product lines.
Tim Dixon has been appointed Pension Administration Product Head, signifying Citi's entry into pension fund administration in Canada. Mr. Dixon has more than 30 years of experience in the Canadian banking industry, having held positions with CIBC Mellon and Canada Trust.
David Gourlay has been named Public Sector Head for Canada with a focus on developing the GTS organization's client relationships in the public sector. Based in Ottawa, Mr. Gourlay has more than a decade of experience in the public sector and has held roles with the Government of Canada and the City of Ottawa. Most recently, Mr. Gourlay was with Oracle.
Ross Neilson has joined the company as Business Development Manager for Issuer Services in Canada. In this role he is responsible for the development of Citi's relationships and products for the Canadian corporate trust market. Mr. Neilson has more than a decade of sales experience, most recently as Vice President, Corporate Trust Services with BNY Mellon.
Serge Vigneault has also joined GTS Canada as Client Manager with a focus on corporate clients based in Calgary and Western Canada. Mr. Vigneault comes to Citi from HSBC Global Banking. He spent nearly 10 years with Citi prior to joining HSBC, with Citi's offices in Singapore and Bangkok.
"We are thrilled with these appointments and what they mean for the expansion of our business in Canada," said John Landry, Managing Director and Head of Citi's GTS business in Canada. "Globally, Citi has identified Canada as a key global expansion market for GTS and we are already delivering on our promise."
Global Transaction Services, a division of Citigroup's Institutional Clients Group, offers integrated cash management, trade, and securities and fund services to multinational corporations, financial institutions and public sector organizations around the world. With a network that spans more than 100 countries, Citigroup's Global Transaction Services supports over 65,000 clients. As of the third quarter of 2010, it held on average $340 billion in liability balances and $12.4 trillion in assets under custody.
Citi currently employs more than 4,600 individuals in a range of consumer and institutional businesses across Canada.
Citi, the leading global financial services company, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Through Citicorp and Citi Holdings, 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. Additional information may be found at www.citigroup.com or www.citi.com.