Citi Markets & Banking has made two key management appointments in the Global Transaction Services department that reflect the momentum of its business and the evolving needs of its clients.
Francesco Vanni d’Archirafi has been appointed as the new head of global cash management. Vanni d’Archirafi was previously Citi’s head of global transaction services for Europe, the Middle East and Africa. He will relocate to New York from London in coming months.
Julie Monaco has joined Citi as head of global transaction services for North America, a new position reflecting the strategic thrust and importance of the US and Canada within this global business.
Monaco was previously responsible for core treasury management services including payments, receivables and trade finance, most recently serving as product executive for FX, for the transaction services business at JP MorganChase.
Paul Galant, CEO of Citi’s Global Transaction Services, says: “Our clients are dealing with many changing forces all over the world including regulation, technology, markets and competition. Working with our partners across Citi, we need to anticipate these evolving requirements and create more innovative and targeted solutions that take into consideration their corporate banking and capital markets activities. These new appointments will give us a better understanding of client needs in developing the next generation of cash products, and building out our franchise in North America”
In his previous role, Vanni d’Archirafi had responsibility for managing all transaction services products and client relationships in Europe, the Middle East and Africa, across 53 countries. In his new position, he will be responsible for bringing this same “hands- on” client focus to the development and rollout of global cash management products. He has been with Citi for over 24 years, and is a member of Citi’s management committee, and chairman of Citibank Europe.
Monaco has core industry experience having worked, both at JPMorgan Chase and previously at Deutsche Bank. In this new role, she will be responsible for improving the client focus in the region, which in turn will drive growth in the cash management, securities and fund services, and trade services and finance businesses.