Cox takes global trade role at Citi

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Chris Cox is to take on the role of Citi's new global head of trade and working capital solutions sitting in the treasury and trade solutions (TTS) division – operating out of London.

The move is effective 1 December (2021) and he will report to Citi’s New York-based global head of TTS Shahmir Khaliq.

He replaces Adoniro Cestari and Steve Elms who have been serving as interim co-heads of global trade since May (2021), as reported by Trade Finance.

The announcement was made in an internal email seen by Trade Finance – with a primary cc to leading Citi executive:

  • Paco Ybarra – ICG chief executive
  • David Livingstone – EMEA chief exec
  • Okan Pekin – global head of securities services

Khaliq wrote in this email: “Trade is a significant opportunity for the ICG franchise, and in this role Chris will be responsible for developing all aspects of the franchise with end-to-end responsibility covering product, sales, and operations. All global trade product and functional heads – as well as regional trade heads – will report to him.”

The email continued: “Chris is an experienced transformation leader, with a strong record of success in a broad range of products and geographies. He joins us from securities services with a proven track record of innovation.”

Cox is currently global head of data, digital and strategic programs for securities services as well as serving as EMEA head and as a member of its EMEA region operating committee.

Prior to this, he led equities and securities services for EMEA, having returned to the region in 2014 after leading the Australia and New Zealand markets franchise since 2008.

Cox will retain accountability for securities services under the UK’s senior managers’ regime until his successor is identified and has received regulatory approval.