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US-based bank Citigroup has appointed Brian Ovaert as managing director and global head of securities services and issuer services operations.

In this new role, he will be responsible for all day-to-day activities, re-engineering initiatives and overall strategic direction of the securities services operations function.

He will be based in New York and will report jointly to Stuart Riley, global head of markets and securities services operations and technology, and Okan Pekin, global head of prime, futures and securities services.

Ovaert has more than 25 years of experience and has held numerous regional and global leadership positions in Chicago, London, Bangalore and Hong Kong. He joins Citi from Northern Trust, where he was most recently an executive vice president and head of enterprise operations.