Magazine article American Banker

BT Raids Citicorp Again, Signing Up Head of Global Securities Services

Magazine article American Banker

BT Raids Citicorp Again, Signing Up Head of Global Securities Services

Article excerpt

Bankers Trust Corp. has hired a third Citicorp veteran in its Global Institutional Services group.

Roberta J. Sonenfeld will join Bankers Trust in October as managing director for global securities services. The 12-year Citi veteran will oversee operations supporting 4,500 worldwide clients of Bankers Trust's investment management, custody, administration, corporate trust, and agency businesses.

Ms. Sonenfeld will report to Mary Cirillo, a managing director of Global Institutional Services who joined Bankers Trust last summer after spending 20 years at Citicorp in various technology and operations roles.

"This rounds out our senior management team," Ms. Cirillo said. Ms. Sonenfeld will "tie all of the service and delivery components together."

In January, Ms. Cirillo hired M. Stephen Soltis from J.P. Morgan & Co. to help meld Bankers Trust's asset management services. One month later she hired Carol Coye Benson from Visa International to establish Bankers Trust's Internet-based capabilities. Ms. Benson is also a 16-year veteran of Citi.

New York-based Bankers Trust created the institutional services unit last year and has been working to build its capabilities, particularly abroad.

The unit has 4,500 employees in 30 countries, including 1,350 overseas.

Bankers Trust, the seventh-largest U.S. banking company, with $172 billion of assets, ranks as the fourth-largest custodian, with $2.3 trillion, including $422 billion in non-U. …

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