Citigroup Taps Northern Trust Veteran Brian Ovaert to Head Securities Services

Brian Ovaert, a veteran Northern Trust executive, has been appointed managing director and global head of securities services and issuer services operations at Citigroup Inc, effective immediately.

Brian had been with Northern Trust for more than two decades, having held various roles across Singapore, Melbourne as well as Bangalore since 1992. Immediately prior to taking on his new role, he was country manager for Hong Kong. Before that he was CEO of Northern Operating Services, Pvt. Ltd., which provides back- and middle-office investment services for Northern Trust clients.

In addition to his posts in Asia, Ovaert held executive roles in London and Chicago, including Senior Business Unit Risk Officer for O&T, European Regional Head of O&T and Worldwide Head of Fund Administration.

He will be based in New York and will be responsible for developing and implementing the bank’s securities services business strategy. Mr. Ovaert will report to Stuart Riley, global head of markets and securities services operations and technology, and Okan Pekin, global head of prime, futures and securities services.