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Citi reports drop in net income for 2022 to US$14.8 billion, despite rise in full-year revenue
18 January 2023 US
Reporter: Lucy Carter

This is a decrease from the $22 billion net income for full-year 2021 generated from revenue of $71.9 billion in 2021

Tibor Pandi to head Citi Singapore
16 January 2023 Singapore
Reporter: Lucy Carter

In the role, Pandi will be responsible for Citi’s Singapore operations and the expansion of client relationships in the region

Ocorian hires Chris Bickley
12 January 2023 UK
Reporter: Lucy Carter

Funds services and solutions provider Ocorian has named Chris Bickley as business development director for funds

LiquidX and Broadridge partner on outsourcing service
10 January 2023 US
Reporter: Lucy Carter

InBlock TradeOp is a new business process outsourcing service offering a turnkey middle- and back-office operations solution for trade finance

Fintus completes ‘bolt-on’ acquisition of Finstreet
10 January 2023 Germany
Reporter: Jenna Lomax

The acquisition is part of an effort to accelerate Fintus’ growth strategy, following its majority growth investment from specialist advisor AnaCap in November 2021

Shenghong chooses Citi as GDR depositary bank
10 January 2023 Switzerland
Reporter: Lucy Carter

Jiangsu Eastern Shenghong Co has selected Citi’s Issuer Services as the depositary bank for its GDR programme

BNP Paribas takes part in Series C funding round for AccessFintech
09 January 2022 France
Reporter: Jenna Lomax

The Paris-based banking group indicates that this investment will help it to bring the latest technology, data and workflow tools to clients in an effort to shorten settlement cycle, manage collateral requirements and reduce transaction costs

Fi Dinh joins MUFG from Citi
05 January 2023 Singapore
Reporter: Lucy Carter

MUFG has named Fi Dinh as head of fund finance for APAC, responsible for growing the fund financing business in the region and supporting the global asset servicing and fund administration arm of the company

CTL appoints Aftab Ahmed as chairman
05 January 2023 Taiwan
Reporter: Lucy Carter

Citibank Taiwan Limited has named Aftab Ahmed as chairman, replacing Paulus Mok

Citi hires Sullivan-Williams
04 January 2023 UK
Reporter: Carmella Haswell

Sorcha Sullivan-Williams has joined the firm’s London office as senior vice president and digital assets product manager for securities services

SWIFT welcomes Stephen Grainger
03 January 2023 UK
Reporter: Jenna Lomax

SWIFT has appointed Stephen Grainger as chief executive for Americas and UK regions

AFME expects “more ambition” in EC’s approach to establishing a CT for pre- and post-trade
22 December 2022 UK
Reporter: Jenna Lomax

“More ambition” is needed in the European Council’s approach toward a properly constructed consolidated tape for real-time pre-trade as well as post-trade, says AFME