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Rating:Naddaff Moves on from Citi Not Rated 0.0 Email Routing List Email & Route  Print Print
Thursday, March 22, 2012

Naddaff Moves on from Citi

Reported by Armie Margaret Lee

Fred Naddaff, one of the top executives at Citi Fund Services, recently moved on from the firm. Naddaff left his post as managing director and president of Citi Fund Services North America in January, according to an industry source.

The MFWire was not immediately able to reach Naddaff on Thursday for comment for this story.

Asked about Naddaff's replacement, Citi spokesperson Nina Das wrote in an e-mailed statement: "Bob Wallace, Head of the Securities and Fund Services business in North America continues to have the overall responsibility for this business -- which includes Citi's Fund Services-- and has held this role for several years."

"In addition, Bruce Treff, Managing Director, has recently taken on an expanded role with the day-to-day management of the U.S. Long Funds Services team on an interim basis. Having been in the business over 25 years, Bruce has headed up the Regulatory Administration and Compliance Support Services teams since 2005 and supported the business across commingled asset pools, including hedge, private equity and mutual funds," she added.

Naddaff joined Citi through its 2007 acquisition of Bisys Group. At Bisys, he served as president of the fund services business. Earlier, he worked at First Data Investor Services Group, Shawmut Bank's mutual fund division, and Boston Financial Data Services.

He currently serves as vice chairman of NICSA, having been elected to that post in October of last year.

Citi also saw the departure of another senior executive recently. As previously reported by The MFWire.com, Joseph Rezabek, who was director of North America fund services, left the firm and is now president of Huntington Asset Services

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