05 December 2016
visit http://www.wolterskluwerfs.com

Citi names Samuel Itzcovitz global head, clearing and financial institutions payments

29 October 2012  |  1947 views  |  0 Source: Citi

Samuel Itzcovitz has been appointed the Global Head of Clearing and Financial Institutions Payments for Citi Transaction Services.

In this role, Sam will be responsible for the continued growth, development and transformation of this important global business, developing strategies and execution plans to deliver on the potential of this business and to meet the increasingly complex and sophisticated needs of Citi's clients in the Financial Institutions segment. Sam will report to Ebru Pakcan, Citi's Global Head of Payments.

Global Clearing is an important business for Citi, providing core payment services to financial institutions for the clearing of their treasury and commercial payments globally. Citi, one of the premier providers of cross-border payments, has an unparalleled global network. As a result, Citi is able to harness the local knowledge and expertise found with colleagues who operate in more than 100 countries around the world and bring that value to clients who can leverage Citi's in-depth knowledge and understanding of how to do business most efficiently in foreign markets.

Sam has been with Citi Transaction Services in Australia for eight years and has led a number of divisions over that time across Product Management, Client Sales Management, Public Sector and the Bank Services Group. Most recently Sam led the Treasury & Trade Solutions business for Australia and New Zealand, with responsibility for the full suite of cash management, trade services and trade finance offerings. Sam also headed the Bank Services Group from its inception in Australia and New Zealand in 2008, helping to create a market-leading franchise and delivering exceptional growth in Clearing and the FI Payments segment.

Sam began his career at Westpac Banking Corporation in 1993 within Financial Markets before moving into transactional banking where, among other responsibilities, he ran the Australian Dollar Clearing business and Network Management function.

Citi Transaction Services, a division of Citi's Institutional Clients Group, offers integrated cash management, trade, and securities and fund services to multinational corporations, financial institutions and public sector organizations around the world. With a network that spans more than 95 countries, Citi's Transaction Services supports over 65,000 clients. As of the third quarter of 2012, it held on average $415 billion in liability balances and $12.8 trillion in assets under custody. 

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
Visit VocaLink.comFind out moreVisit contisgroup.com

Top topics

Most viewed Most shared
Royal Mint to issue digital goldRoyal Mint to issue digital gold
6610 views comments | 23 tweets | 21 linkedin
Bank CEOs fret about ROI as startups drive IT arms raceBank CEOs fret about ROI as startups drive...
5739 views comments | 16 tweets | 21 linkedin
UK challenger bank Masthaven opens for businessUK challenger bank Masthaven opens for bus...
5728 views comments | 15 tweets | 13 linkedin
ING pulls plug on P2P payments app TwypING pulls plug on P2P payments app Twyp
5612 views comments | 16 tweets | 15 linkedin
R3 and Calypso to develop blockchain trade confirmation systemR3 and Calypso to develop blockchain trade...
5600 views comments | 13 tweets | 12 linkedin

Featured job

Find your next job