Waite, Lee

Class of '83
Citi, Global Head of Direct Custody & Clearing

Chair Emeritus, Alumni Council

Lee Waite is a Managing Director within Citi’s Securities and Fund Services (SFS) unit located within the Global Transaction Services business. He is Global Head of Direct Custody and Clearing (DCC) which predominately caters to the needs of intermediaries including broker/dealers and global custodians. As the Global Head of Direct Custody & Clearing Mr. Waite is responsible for managing the risk, setting global strategy surrounding all DCC products and managing the P & L of the business. He works closely with SFS’s client base to develop multi-product strategies to solve complex client issues. Mr. Waite is a member of the SFS executive committee.

Prior to his current role, he was responsible for the acquisition and global integration of the purchase of Bisys - a global, fund administration firm. Earlier, Lee was the Global Chief Operating Officer for the Equities Division at Citi. As COO, he was responsible for technology, middle-office and operations. He was also very involved in strategy and acquisitions.

Mr. Waite joined the firm in July, 1983, as a trainee manager in the Firm’s Retail Division. Lee has worked in the retail, fixed income and equity divisions in various capacities, including three years in London in the late 1990s. Other previous positions include: Head of Global Equity Sales, CAO/CFO for Global Equities, Head of Retail TFI, Head of Retail Capital Markets, Head of National Sales and Regional Sales Manager, Northeast Region.

Mr. Waite holds a degree in Business Administration from Towson State University and an MBA from the Fuqua School of Business, Duke University. He also actively serves as Vice Chairman of the Alumni Council for Fuqua. He resides in Connecticut with his wife and two children. He is an avid traveler. In his spare time he enjoys fishing, boating, tennis and basketball.

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