Citi Names David Martocci Global Product Manager of Third-Party Securities Lending
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.