Citi Australia has named Mark England the new head of its securities services business in Australia and New Zealand, following the retirement of long-serving executive Martin Carpenter.
England, currently based in Hong Kong, is Asia-Pacific co-head of sales for Citi securities services. He will relocate to Australia, where he will assume his new role while retaining his existing regional responsibilities.
Marc Luet, Citi Australia and New Zealand chief executive officer, notes that England is one of the most senior leaders in the securities services business, with more than 20 years’ experience in different roles across New York, Dublin, London, and Hong Kong.
Meanwhile, Carpenter will retain his full responsibilities pending regulatory and compliance approvals for England’s appointment, which is expected to be finalized within the third quarter.
Carpenter has been with Citi Australia for more than 16 years and has led the securities services franchise across Australia and New Zealand for 13 years. He oversaw Citi Australia’s client transfer agreement with RBC, which was completed in March of this year, welcoming 26 new clients and 140 new staff to the securities services team.