Citi Securities and Fund Services Appoints New Chief Operating Officer
New York - February 10, 2011 – Citi today announced that its Securities and Fund Services, part of the Global Transaction Services division, has appointed Atul Dubey as Chief Operating Officer. He has served most recently as the COO of the Investor Services business within Securities and Fund Services.
Dubey joined Citi in 2005, running the strategy unit for the Institutional Clients Group, and prior to that he spent 10 years at Booz, Allen & Hamilton, providing strategic advice to leading global financial institutions in the wholesale banking, capital markets and securities processing space. He holds a BS in Mechanical Engineering from the University of Bombay and an MBA from Carnegie Mellon.
"We are pleased to be promoting a highly-experienced industry manager to provide management oversight of the continuing operations of this business" said Neeraj Sahai, Global Head, Securities and Fund Services, Citi. "In Atul, we have a very strong business leader with outstanding credentials whose experience, dedication and focus on execution in managing successful teams, and strategic growth initiatives make him uniquely qualified for the job."
Through its Securities and Fund Services business, Citi’s industry-focused experts provide investors worldwide with tailored solutions delivered through proven global platforms that feature modular, open architecture. With $12.6 trillion of assets under custody and the industry’s largest proprietary network, clients can leverage Citi's local market expertise and global reach to extract value across the entire investment value chain.
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 fourth quarter of 2010, it held on average $353 billion in liability balances and $12.6 trillion in assets under custody.
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.