Bob Mccormick

Bob Mccormick Email and Phone Number

Citi Americas Regional Head - Bank Network Management @ Citi
Mumbai, Maharashtra
Bob Mccormick's Location
Jersey City, New Jersey, United States, United States
Bob Mccormick's Contact Details
About Bob Mccormick

Currently, I am a Regional Head at Citi, with 40+ years’ experience in the Financial Services Industry, and lead the Americas Bank Network Management team (BNM) within the Market Operations Division. BNM supports the Markets business globally, providing governance over banking services including regulatory, service levels, pricing and responsible point of contact for both affiliate and 3rd party banks. BNM also supports several Citi Enterprise Wide policies, providing accountability for bank accounts and signatory authority. I lead a Regional Team in delivering in-depth expertise for the Citi Enterprise, with innovative and strategic solutions to help the businesses achieve their goals.I am a Senior Vice president, with broad-based skills in the Financial Services Industry. with expertise in bank and broker dealer operations, relationship management, current assessment, transformation and implementation of new technologies and processes. My past International assignments included Europe, Asia, and South America. I enjoyed being a regular conference speaker and panelist for the Managed Accounts Industry including the Money Management Institute (MMI). As Product Manager at BNY Mellon, I worked with industry leaders to enhance the industries technology and solutions to both Asset Managers and Broker Dealers to deliver effective and efficient solutions.Served as representative or contact to many industry groups and projects over the years including:• Money Management Institute (MMI)• Asset Managers Forum (AMF)• Hong Kong Industry Association (HKIA)• International Operations Association (IOA)• Emerging Market Clearing Corporation (EMCC)• Financial Research Associates (FRA)• Securities Industry Association (SIA)• Y2K• Euro Conversion

Bob Mccormick's Current Company Details
Citi

Citi

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Citi Americas Regional Head - Bank Network Management
Mumbai, Maharashtra
Website:
citibank.com
Employees:
10
Bob Mccormick Work Experience Details
  • Citi
    Americas Regional Head - Bank Network Management
    Citi Oct 2018 - Present
    New York, New York, Us
    Regional Head for the Americas.Responsibilities include managing Custodian Bank Relationships across the Americas region. Establishment of the bank/custody account infrastructure required to support various ICG businesses in the LATAM and NAM markets. Conduct RFP’s to identify and assess ability of bank/custodian to support activity. Assist on establishing new products. Report regulatory/market changes to interested parties, and the potential impact to their businesses. Negotiate fees and manage service levels. Manage or actively participate in various projects involving the Network Management team, either at the market, regional, or global level. Project lead for the creation and implementation of a new Citi 3rd Party Agent Bank Enterprise-wide Risk & Control Program to meet Regulatory requirements. Responsibilities included the creation of a new Enterprise Governance structure, Charter, procedures, KI’s and global implementation plan.
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  • Citi
    Senior Vice President
    Citi Feb 2015 - Present
    New York, New York, Us
    Global Network Management
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  • Aig
    Operations Executive, Global Financial Lines
    Aig Jul 2013 - May 2014
    New York, Ny, Us
    Responsible for translating business strategies into programs that drive operational change. This requires engaging key delivery partners including Shared Services, Technology and the Science Team. Establish and drive execution of high priority initiatives (New Operating Model) with respective product towers cascading to the regional levels working to closely monitor implementation. Lead and develop a team of managers to ensure that product line business strategies are implemented effectively. Monitor audit, risk, and compliance matters as they impact the operations organization to ensure proper resolution. Oversee the management of all work priorities, business processes, supporting technologies, and company practices to ensure alignment of business objectives and customer needs, as well as the consistency with other Commercial product tower approaches.
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  • The Bank Of New York Mellon
    First Vice President
    The Bank Of New York Mellon Aug 2002 - Jun 2013
    New York, Ny, Us
    First Vice President, Relationship Executive Outsourcing 01/08 – 06/13• Relationship Executive for one of BNY Mellon’s largest Outsourcing client’s supporting full middle and back office operations post-trade through end client reporting. • Responsibilities include ensuring client satisfaction with existing support models, as well as delivering strategic solutions for new products and cross-selling. This requires coordinating with Legal, Compliance, Risk, Audit, Finance, Operations, Product, and Technology to deliver solutions in a timely and cost efficient manner consistent with client expectations. • Additional responsibilities include contracts, fee proposals, and service level agreements. Clients range from Investment Managers, Broker Dealers, Hedge Funds, and Insurance Companies.First Vice President, Business Manager Managed Account Outsourcing 08/02 – 01/08• Managed the P&L, Product Development, Relationship Management, vendor contracts, and service level agreements for Managed Accounts Outsourcing. Industry Representative for Mellon Financial SMA Outsourcing Products and Services.• Responsible for the creation, negotiation, and implementation of contracts, service levels, product pricing, and technology platforms. • Coordinated with Sales and Marketing for client and prospect presentations, fees, press releases, publications, and Industry events.
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  • Goldman Sachs
    Vice President
    Goldman Sachs Sep 1999 - Nov 2001
    New York, New York, Us
    • Senior Executive hired to organize and rebuild operations experiencing significant growth and product gaps. • Managed U.S. Equity, Mutual Funds, Corporate Actions, and Proxy Services. • Developed Operations for new products including Managed Accounts (Wrap) and External Manager Program ($10 billion dollar mandate). • Deployed and Project Managed the re-design of equity operations with a new platform automating all trade processing and custodian instructions. • Implemented DTC TradeSuite and SWIFT. • Selected as the Global representative for GSTPA and T+1. • Developed key partnerships with both Technology and Product lines to ensure appropriate staff levels, cost structures, and product support.
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  • Deutsche Bank
    Director
    Deutsche Bank Aug 1996 - Sep 1999
    Frankfurt Am Main, Hessen, De
    Director, Global Head Emerging Markets Americas 02/99 – 09/99• Managed operations for all Emerging Markets products supported in North and South America. • Centralized and streamlined various operational functions in Brazil, Argentina, Mexico, and Chile. • Co-developed a new Platform for South America with a projected savings of $15 million over 3 years in partnership with Technology and Finance.• Assisted with the acquisition review and operational integration of Bankers Trust and Nat West Equity Derivatives Business.• Designed a new operational platform in Argentina due to the sale of the retail bank (48 branches) to The Bank of Boston.Director, International Operations Deutsche Morgan Grenfell, NY 08/96 – 02/99• Management of over 100 Operations professionals located in New York, Argentina, Brazil, and Mexico. • Responsible for account setup, trade support, settlements, data management, and corporate actions. • Facilitated major system and process re-design for the regionalization of products. • Responsible for Y2K and EMU compliance.
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  • Salomon Brothers
    Vice President
    Salomon Brothers Jun 1984 - Jul 1996
    Vice President, Regional Operations Manager Hong Kong 07/94 – 07/96• Managed Operations and Syndicate support for the Asia-Pacific region, including Sales and Trading support. • Global Operations Management Committee member representing Asia-Pacific. • Developed and implemented Operations for the Singapore and Korea offices. • Managed a Hong Kong staff of 45 with a $7 million annual budget. • Oversight for the migration of support functions from the Tampa, Florida office to Hong Kong. Operations Manager, International Clearance NY/Tampa FL 06/84 – 06/94• Managed International Operations for foreign exchange, equities, fail control, and stock loan. • Design Team member for “Vision” project to redesign Japanese equity operations globally. • Operating Group member for the Equity Team in Tampa, FL. Responsibilities included, initial set up of systems, hiring of staff, training, and stabilization of business. • Operations Task Force representative for membership on the Hong Kong Stock Exchange. • Advisor / Committee Member for Team Dynamics, Emerging Markets, Crisis Management, and International Customer Index Trading.
  • First Boston
    Specialist - International Operations
    First Boston Dec 1980 - Jun 1984
    Zurich, Ch
    Responsible for all operational aspects of the following products/processes: - Euroclear/Cedel - Foreign Exchange - ADR/Ord conversions - International financing - Canadian bonds/equities
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Bob Mccormick Skills

Equities Fixed Income Hedge Funds Middle Office Securities Capital Markets Prime Brokerage Derivatives Alternative Investments Asset Managment Securities Lending Back Office Options Settlement Financial Services Mutual Funds Electronic Trading Trading Investment Banking Fx Options Trading Systems Business Analysis Corporate Actions Bloomberg Vendor Management Financial Risk Bonds Emerging Markets Etfs Investment Management Swaps Structured Products Series 7 Global Custody Financial Markets Credit Derivatives Portfolio Management Equity Derivatives Relationship Management Operational Risk Asset Allocation Collateral Management Foreign Exchange Finra Equity Trading Fund Of Funds Wealth Management Market Data Interest Rate Derivatives Asset Management

Frequently Asked Questions about Bob Mccormick

What company does Bob Mccormick work for?

Bob Mccormick works for Citi

What is Bob Mccormick's role at the current company?

Bob Mccormick's current role is Citi Americas Regional Head - Bank Network Management.

What is Bob Mccormick's email address?

Bob Mccormick's email address is ia****@****aol.com

What is Bob Mccormick's direct phone number?

Bob Mccormick's direct phone number is +178157*****

What are some of Bob Mccormick's interests?

Bob Mccormick has interest in Children, Education, Poverty Alleviation, Science And Technology, Guitars.

What skills is Bob Mccormick known for?

Bob Mccormick has skills like Equities, Fixed Income, Hedge Funds, Middle Office, Securities, Capital Markets, Prime Brokerage, Derivatives, Alternative Investments, Asset Managment, Securities Lending, Back Office.

Who are Bob Mccormick's colleagues?

Bob Mccormick's colleagues are Philip Ding, Max Garrido, Suman Gunda, Fu-Hwai Tsai, Tendai Makura, Debarun Chatterjee, Frank Dalessandro.

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