Citi has recruited former Australian senator and minister for superannuation, Nick Sherry, as senior advisor to its securities and fund services.
Sherry will be based in Australia with a regional role supporting Citi’s pension fund clients in Asia Pacific.
Stephen Roberts, chief country officer for Citi, Australia,said: “We are delighted to have Sherry join Citi. He joins a team with local capabilities and international reach, well positioned to provide custody and administration services in Australia to support the needs of the fastest growing pool of superannuation assets in the world.”
Commenting on his appointment Sherry, said: “I am delighted to join the Citi team at a time of great change within the superannuation industry. There are many new demands and opportunities for the custody business which Citi can meet.”
“Citi’s global and local presence, coupled with investment services, banking and capital markets operations will allow the bank to meet the full scope of a fund’s requirements.”
