Citi Australia appoints Justin Burman as Australia Product Head for Funds Services

Citi Australia has today announced the appointment of Justin Burman as Australia Product Head for Fund Services, within the Securities Services team.

The appointment comes as Citi continues to transition clients from Royal Bank of Canada, following a client transfer agreement finalized in March this year. As part of the agreement, Citi is facilitating an orderly transfer of the RBC client base to Citi.

Justin has over 25 years' experience in the financial services industry and has led product teams across custody and fund administration services for the past 16 years, having worked at BNP Paribas and most recently with RBC.

Commenting on the appointment, Citi Australia Head of Securities Services Martin Carpenter said "Australia is a key market for the Securities Services business, and we have been growing at a rapid rate in 2020, both in terms of gaining new clients and building out our local team to deliver on our industry leading platforms, proprietary custody network and excellent client servicing.

"We have successfully transitioned a significant portion of the RBC client base despite the challenges of this year's global pandemic. Justin's appointment will help us maintain this strong momentum and ensure that we have the right management structure to support our expanded client base" Mr. Carpenter concluded.