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
US Volcker Rule not fit for purpose, says SIFMA
22 September 2017 | New York | Reporter: Drew Nicol
The US Volcker Rule is too broad, excessively complex, and uniquely prescriptive, according to the Securities Industry and Financial Markets Association
Pirum joins South African securities lending association
21 September 2017 | Johannesburg | Reporter: Drew Nicol
Pirum Systems has joined the South African Securities Lending Association
EquiLend and Trax partner for SFTR solution
20 September 2017 | London | Reporter: Drew Nicol
Trax and EquiLend are joining forces to tackle SFTR reporting requirement with a a full front-to-back solution for mutual clients
ISLA confirms BoE conference keynotes
19 September 2017 | London | Reporter: Jenna Lomax
Sarah John, head of sterling markets division, and Jon Pyzer, senior manager for the sterling markets division will speak to attendees on 12 October
UCITS funds enjoy assets boom in Q2
18 September 2017 | Brussels | Reporter: Jenna Lomax
The latest growth figures represent the highest level of net sales recorded since Q1 2015
ESMA releases responses from CCP’s conflict of interest report
15 September 2017 | Paris | Reporter: Jenna Lomax
As part of the consultation, ESMA proposed giving further counsel to CCP’s management to “ensure common, uniform and consistent application” of EMIR guidelines
Preqin: Hedge funds chalk up 10th growth month
15 September 2017 | London | Reporter: Jenna Lomax
Hedge funds generated gains of 0.97 percent in August 2017, extending their win streak to 10 consecutive months of positive returns