15 August 2017
New York
Reporter: Drew Nicol

Citi loses head of Americas investor services sales


Citi’s co-head of Americas investor services sales has left the bank after four years.

David Tenney was responsible for leading and managing teams focused on the distribution of prime brokerage, collateral management, delta one, futures, clearing and capital introductions.

In a statement, Tenney confirmed he plans to pursue new opportunities after his 90-day garden leave period ends. It began in July.

Tenney is considering roles on both sides of the investment banking business, including traditional asset managers and hedge funds.

“I am grateful for the opportunity to have worked there for the last four years, which gave me a platform to further hone my technical, leadership and management skills,” Tenney said.

“Most importantly, I am grateful for the support that I received from my direct team and the broader equities team—the success we enjoyed in growing the business was the result of a truly collaborative effort that spanned both the prime finance and equities businesses.”

Prior to Citi, Tenney was head of client relations at Forester Capital for eight months.

Tenney began his career at Goldman Sachs where he rose up the ranks over 21 years to become co-head of Americas equity research between 2001 and 2007.

He was also COO of global research from 2004 to 2007.

More Industry news
The latest news from Securities Lending Times
Join Our Newsletter

Sign up today and never
miss the latest news or an issue again

Subscribe now
Al Ramz Capital gains short selling licence
24 November 2017 | Abu Dhabi | Reporter: Jenna Lomax
Al Ramz Capital is one of the first investment providers to offer short-selling in the UAE
Hedge funds continue 2017 run
23 November 2017 | Madrid | Reporter: Drew Nicol
Global AUM of hedge funds rose 24 percent to $3.2 trillion in the past two years, according to data captured by IOSCO’s latest market survey.
Goldman Sachs appointed by Thrivent for agent lending
23 November 2018 | Minneapolis | Reporter: Jenna Lomax
Thrivent Financial has appointed Goldman Sachs as it new lending agent
Hedge fund industry reaches new highs in Q3
22 November 2017 | London | Reporter: Zsuzsa Szabo
The hedge fund industry has recorded strong performance in Q3 2017, after stumbling in 2016, according to Preqin
Eurex Clearing’s partnership entices strong market interest
20 November 2017 | Frankfurt | Reporter: Zsuzsa Szabo
Citigroup, Deutsche Bank, HSBC and J.P. Morgan Securities, to name but a few, signed up for the programme, which opened its registration in October
ISLA and the CBI tackle UCITS collateral rules
17 November 2017 | Dublin | Reporter: Drew Nicol
The Central Bank of Ireland’s director of policy and risk has confronted industry concerns around stringent collateral re-use and “arbitrary” fee splits for UCITS funds at a roundtable discussion
NEX imbues derivatives platform with KVA analytics
16 November 2017 | London | Reporter: Drew Nicol
KVA calculations determine the lifetime costs of capital as part of the pricing of an OTC derivative and the service will helps firms understand the capital costs an OTC trade will consume over the portfolio’s lifetime.