Citi Taps Faber for DCC in EMEA

Reto Faber, who has been with Citi since 1989, has been named the head of direct custody and clearing (DCC) in the EMEA region for. He was most recently the bank's head of financial intermediaries for EMEA. He will report to Andrew Gelb, EMEA head of securities and fund services.

"The EMEA region is a critical one for Citi's global direct custody and clearing franchise," Gelb says. "In light of the regulatory changes that will affect Europe in the coming years, ensuring the right leadership for DCC EMEA is a top priority. I am confident that Reto's excellent track-record and long standing experience will further strengthen our platform."

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