Citi Appoints ex-CEO of Pioneer Global Asset Management Senior Advisor to Transaction Services Business
London - January 6, 2011 – Citi today announced that Dario Frigerio, ex-CEO of Pioneer Global Asset Management Services, has been appointed by Citi as a Senior Advisor for investor services within its Global Transaction Services business. Frigerio will be based in Italy, and will provide strategic counsel and work to deepen the firm’s client base across Europe, Middle East and Africa in the newly-created role.
Frigerio brings a wealth of industry knowledge and experience across geographies and asset classes to Citi. He was also Head of the Wealth Management Division of UniCredit Group, and has served at separate times as Chief Investment Officer of Europlus and CreditRolo Gestioni (both are now Pioneer Investments).
Andrew Gelb, Head of Securities and Fund Services for Europe, Middle East and Africa, said, "Dario’s experience and deep connections in the industry will be a great asset to Citi’s investor services business. We look forward to his consultation and collaboration as we grow our business in the region."
Dario Frigerio said: "I am pleased to join Citi, which is a truly global firm and a market-leader. Its securities services business is very well-regarded in the industry, and I’m excited to begin working with the company’s investor clients and professionals in the region to realize opportunities for growth."
Frigerio is a graduate in Economics from the Bocconi University, Milan, and in addition to his new role he is also active in consultant practices and independent director in two listed companies.
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.
About Global Transaction Services
Global Transaction Services, a division of Citi’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, Citi’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.