Citibank, New York, has hired Ernest J. Brito as director of network management for its worldwide securities services group.
Mr. Brito, a vice president, will manage the bank's global network of proprietary securities processing operations and subcustodial agent banks.
He was a senior manager at KPMG Consulting in New York, responsible for its investment services practice in the Northeast. Earlier he had managed the securities services business units at Bank of New York and Bankers Trust.
At Citibank he will report to Sandy Jaffee, the business executive for Citibank Worldwide Securities Services.