Stephen succeeds Mark Smith in the role. Stephen will report to global head of TTS Naveed Sultan in the role and will be a member of my Global Executive Committee. Stephen is based in London and will commence this role on August 17, 2020.

As the Global Head for Liquidity Management Services, Stephen will be responsible for managing more than 50% of Citi’s deposit base across all regions and geographies, covering one of the most extensive, multi-currency, market leading liquidity product capabilities. This includes physical and notional pooling capabilities, interest optimization products and overdraft products in TTS.

He will also be responsible for the successful development and execution of the strategy and plans for sustaining the growth of the product. As a senior lead and contact for Citi's key clients, Stephen will be responsible for taking a leadership role in the partnership with Citi Treasury, both from a balance sheet direction, hedging strategy and an integral part of the Balance Sheet Costing groups, helping steer the direction of the transfer pricing, capital and liquidity management of the firm.

Stephen is a Citi veteran and has held several senior roles in his 24 years at Citi. Most recently, he was the Head of Regional Treasury and was previously the Head of Global Liquidity Oversight and Analytics based in New York. More recently he has been leading the implementation of the Cluster Treasurer organization.

In addition, over the past few years he has continued the development the Country and Regional ALCOs to drive balance sheet performance and capital repatriation. As Head of Regional Treasury he has partnered across the organization on enhancing Citi’s capabilities in Interest Rate Risk and Liquidity Management. Stephen is a qualified accountant with a BA in Economics and Accountancy from the University of Southampton, U.K.