Citi Names David Martocci Global Product
Manager of Third-Party Securities Lending
Appointment of Industry Veteran Underscores Citi’s Intensified Commitment to Third-Party Segment of
Securities Lending Market
June 30, 2010 09:39 AM Eastern Daylight Time
NEW YORK--(EON: Enhanced Online News)--Citi’s Global Transaction Services today announced the
appointment of David Martocci as Managing Director and Global Product Manager of third-party securities lending
and business development within its Securities and Fund Services unit. Third party lending programs provide a full-
range of securities lending service for clients who have a custody relationship with another institution.
In this position, Mr. Martocci will be responsible for the development, management and sales for Citi’s third-party
securities lending program, and will serve as a member of Citi’s Global Securities Finance’s Management
Committee. Dave will work closely with Richard Ernesti, Global Head of Investor Sales, to drive the sales initiatives
for the business.
"Dave brings an exceptionally strong background in securities lending and the experience of a seasoned financial
services professional to our operations," said Tim Douglas, Managing Director and Global Head of Citi’s Global
Securities Lending. "Having Dave on board will help us compete more aggressively in the long established and
rapidly expanding third-party lending segment of our business."
A veteran of over 25 years in securities lending and institutional financial services, including serving as the Global Co-
Head for Dresdner Bank’s Securities Lending Business, Mr. Martocci brings significant experience to his role. Prior
to joining Dresdner, he spent over five years at Deutsche Bank as Managing Director in charge of Global Asset and
Liability Trading for their Securities Lending Division, establishing their presence in North America as a provider of
non-custody Securities Lending services. He also was the Head of Asset and Liability trading at Lehman Brother’