Krangel departs Citi
07 October 2025 UK
Image: Citi
Andy Krangel has confirmed his departure from Citi after 36 years with the firm.
Based in London, he most recently served as director and product manager, securities finance at Citi.
Krangel first joined Citi in 1989 and has since held a number of management positions in custody operations, including agency lending operations.
He was also a trader on the Citi agency lending desk and spent five years in product risk management where he obtained Credit Officer status.
Since mid-2006, Krangel has worked within Citi’s Agency Securities Lending department. Prior to Citi, Krangel spent a three-year term at RBS.
During his time in the industry, Krangel also played a long-term role within the International Securities Lending Association (ISLA) in which he was formerly ISLA chair for the board of directors. He first joined the association board in 2012.
Commenting on his decision via an online statement, Krangel says: “After 36 years, today Citi and I part company and I move onto the next stage of my life. As the saying goes ‘it has been one hell of a ride’!
“It has been an incredible 36 years during which I have had the pleasure to work alongside many wonderful people who I had the privilege to learn from and mentor.
“All of my 39-year career has been in the securities industry with a huge chunk in securities lending, at Citi and RBS before that. Every time I moved out of a securities lending role very soon afterwards I would get pulled back in.”
Krangel intends to “take time to relax” over the next few months, with a possible re-entry into the securities lending industry.
Based in London, he most recently served as director and product manager, securities finance at Citi.
Krangel first joined Citi in 1989 and has since held a number of management positions in custody operations, including agency lending operations.
He was also a trader on the Citi agency lending desk and spent five years in product risk management where he obtained Credit Officer status.
Since mid-2006, Krangel has worked within Citi’s Agency Securities Lending department. Prior to Citi, Krangel spent a three-year term at RBS.
During his time in the industry, Krangel also played a long-term role within the International Securities Lending Association (ISLA) in which he was formerly ISLA chair for the board of directors. He first joined the association board in 2012.
Commenting on his decision via an online statement, Krangel says: “After 36 years, today Citi and I part company and I move onto the next stage of my life. As the saying goes ‘it has been one hell of a ride’!
“It has been an incredible 36 years during which I have had the pleasure to work alongside many wonderful people who I had the privilege to learn from and mentor.
“All of my 39-year career has been in the securities industry with a huge chunk in securities lending, at Citi and RBS before that. Every time I moved out of a securities lending role very soon afterwards I would get pulled back in.”
Krangel intends to “take time to relax” over the next few months, with a possible re-entry into the securities lending industry.
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