Mark England has been named by Citi Australia as the head of its securities services business.
He replaces Martin Carpenter who has retired after 16 years in the role.
England will be based in Sydney for the new role and will relocate from Hong Kong where he is currently Apac co-head of sales for Citi Securities Services.
He will retain his existing regional responsibilities and will also lead the securities services for New Zealand as well as Australia.
"We are entering a pivotal time in our business, allowing us to concentrate our resources where we can add the most client value,” said Citi Australia and New Zealand CEO Marc Luet.
“Securities Services presents a strong opportunity for growth as we enter a new chapter in our business, and we will continue our investment in people, technology, and processes to further cement our leadership position in the local market."
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