Citi Appoints Reto Faber as Head of Direct Custody and Clearing in EMEA
Citi has appointed Reto Faber as head of direct custody and clearing (DCC) in Europe, Middle East and Africa (EMEA). Faber brings over 20 years of experience in banking and securities services.
Faber joined Citi in 1989 as a relationship manager in the US and held various senior client facing and product roles, including product manager for worldwide securities services and business development for the global clearing business. More recently, Faber was the head of the EMEA broker dealer segment and became EMEA head of financial intermediaries in 2009.
Reporting jointly to Andrew Gelb, EMEA head of securities and fund services, and Lee Waite, global head of DCC, Faber will be responsible for the management and development of Citi’s proprietary DCC network in 34 markets across EMEA.