New York-based Citi has appointed Francesco Vanni d'Archirafi head of Global Transaction Services (GTS). He will report to institutional clients group CEO John Havens. Citi also announced that Paul Simpson will assume responsibility for the Treasury and Trade Solutions business, reporting to Vanni d'Archirafi.
Vanni d'Archirafi succeeds Paul Galant, who has taken a new assignment running Citi's North American and International Credit Cards businesses.
Prior to his current appointment, Vanni d'Archirafi was Global Head of Treasury and Trade Solutions and before that, Head of Global Transaction Services for Europe, Middle East and Africa, where he had responsibility for cash management, trade finance, trade services and the securities and fund services businesses across the region.
Before taking on his new duties in the treasury and trade solutions unit, Simpson led multiple global businesses within GTS including: wholesale card services (commercial card, prepaid/stored value), public sector business solutions, and healthcare solutions.