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Citi has appointed David Martocci as managing director and global product manager of third-party securities lending and business development. Martocci was one of the pioneers of third-party lending during his time at Dresdner Bank, where he was global co-head for the bank's securities lending business between 2002 and 2005. Martocci had moved to Dresdner from Deutsche Bank, where he was in charge of global asset and liability trading for its securities lending division, establishing Deutsche's presence in North America as a third-party provider. He also spent 11 years at J.P. Morgan in a variety of securities lending trading and sales roles.
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