Updated with correction
Citigroup made a variety of appointments of managing directors in its new investor services group, which has combined the global custody, fund services, collateral management, financing and foreign-exchange execution services, according to an internal memo from Okan Pekin, global head of investor services, that was shared with Pensions & Investments.
David Murphy, who led prime finance in North America, was named global leader of prime finance, which comprises repos and swaps, agency securities lending and Delta One, which creates or trades securities that closely track an underlying index or asset.
Jerome Kemp will continue to manage futures and OTC clearing, which will be combined with collateral management. Rajen Shah, global head, collateral management, will report to Mr. Kemp.
Sanjiv Sawhney, who was head of EMEA securities and fund services, will run global custody and alternative investor services. Mike Sleightholme, global head of hedge fund services; Joe Patellaro, global head of private equity services; and Boaz Lahovitsky, head of global wealth manager services, will report to Mr. Sawhney.
Pat Curtin, head of long fund services, will now manage global fund services, which will include fund administration, transfer agency and middle-office services.
David Martocci, managing director, will continue to run global agency securities lending, and Sanjay Madgavkar will remain global head of FX prime brokerage.
Mr. Pekin was named leader of the investor services group in November.
Nina Das, Citigroup spokeswoman, said officials at the firm had no additional comment.
