Citibank Appoints Jeffrey Volk Managing Director of Global Agency and Trust Services.NEW YORK--(BUSINESS WIRE)--Nov. 9, 1999-- Citibank announced today the appointment of Jeffrey A. Volk as Managing Director of the Global Agency and Trust Services division of Citibank Worldwide Securities Services (WWSS WWSS Worldwide Satellite Systems (US DoD contract vehicle) WWSS Warfare and Warfare Support System ). Global Agency and Trust Services today has grown to 15,000 trustee and agency appointments amounting to nearly $1.5 trillion of debt securities for 2,100 clients globally. As the leading provider of Corporate Trust Services in the European debt market, Citibank also enjoys a leading position in both the North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. and Latin American debt markets. Global Agency & Trust provides both agency and fiduciary functions. Transaction processing Updating the appropriate database records as soon as a transaction (order, payment, etc.) is entered into the computer. It may also imply that confirmations are sent at the same time. Transaction processing systems are the backbone of an organization because they update constantly. services include maintaining records of security-holders, making principal and interest payments, handling securities transfers and discharging other duties as trustee and agent. The business also helps develop new funding instruments and provides operational support for complex financing. "Jeff has more than 20 years of global financial services experience in both the consumer and corporate banks at Citigroup," said Sandra Jaffee, Group Executive for WWSS. "His skills and experience will help us the realize opportunities for Citigroup to gain significant new customer relationships and enhance our overall global franchise." A 24-year veteran of Citibank, Mr. Volk has been an advisor to corporations, multinational development banks, and sovereign governments seeking innovative financial solutions for both debt and equity in the global capital markets. He played a lead role in organizing Citibank's first major financing transactions in China, Israel, Kuwait, the Czech Republic, Russia and Kazakhstan. He joined Citibank in 1975, among the first management trainees in the consumer bank. After a series of marketing positions in Asia, Europe, and the U.S. he managed Citibank's precious metals Precious Metals Valuable metals such as gold, iridium, palladium, platinum, and silver. Notes: Investing in precious metals can be done either by purchasing the physical asset, or by purchasing futures contracts for the particular metal. trading business. In the corporate bank, he managed investment-grade corporate bond syndication, sales, and global deal teams in both OECD OECD: see Organization for Economic Cooperation and Development. and emerging markets. In 1994, he assumed responsibility for overseeing the offshore banking business in the U.S. for employees of U.S.-based multinational corporations and offshore banking and investment services for Citibank's retail customer base in Latin America, Europe and Asia. Mr. Volk is a graduate of Georgetown University, received an MBA MBA abbr. Master of Business Administration Noun 1. MBA - a master's degree in business Master in Business, Master in Business Administration from Columbia University, and has done post-graduate work at New York University New York University, mainly in New York City; coeducational; chartered 1831, opened 1832 as the Univ. of the City of New York, renamed 1896. It comprises 13 schools and colleges, maintaining 4 main centers (including the Medical Center) in the city, as well as the and the Wharton School of Business at the University of Pennsylvania (body, education) University of Pennsylvania - The home of ENIAC and Machiavelli. http://upenn.edu/. Address: Philadelphia, PA, USA. . Citibank Worldwide Securities Services is a unit of Citigroup, Inc.'s Global Corporate and Investment Banking Division. WWSS serves global issuers and investors through the industry's largest proprietary network, spanning 50 countries. It currently provides securities services to more than 2,500 customers worldwide and has $3.4 trillion in assets under custody. WWSS is the industry's premier custodian of cross-border assets, dominant servicer of global securities, and recognized leader in depositary receipt depositary receipt A negotiable certificate that represents a company's publicly traded debt or equity. Depositary receipts are created when a company's shares or bonds are delivered to a depositary's custodian bank, which instructs the depositary to issue services and agency and trust services. The local presence of WWSS, supported globally by Regional Service Centers, ensures clients of consistent transaction processing worldwide, proprietary control of clearing cycles, and reduced risk in all cross-border securities transactions. |
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