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Exclusive: Patrick Avitabile leaves Citi
14 April 2014
He had worked for Citi’s securities finance business since 1994. Stephanie Baxter reports
Patrick Avitabile, global head of product strategy and
development for Citi's agency securities finance programme, has
left the bank, Global Investor/ISF has exclusively
He worked within the Citi Transaction Services business and was
a managing director based in New York.
An individual within Citi confirmed Avitabile's departure in a
telephone conversation on April 14.
A media spokesperson for Citi declined to comment.
He started his career at Citi in 1994 as product manager for
European securities lending in London. Avitabile later took on
the position of global head of equity trading for the bank's
agency securities finance programme before moving on to lead
product strategy and development.
His most recent role has involved identifying and capitalising
on new opportunities in the changing market environment.
Avitabile was also responsible for client management was a
primary focus on aligning Citi's client goals with its product
strategy. Before Citi he had held various management positions
in securities lending at the Banker's Trust.
Avitabile has worked in the securities lending industry since
1982 and regularly speaks at industry conferences globally. One
notable example was his appearance on the 2009 securities
lending roundtable held by the US Securities and Exchange
Avitabile is still listed on the US-based Risk Management
Association's (RMA) website as a member of its securities