Memo: Citi shakes up leadership after $136 million in fines for data quality issues
Citi's new tech head Tim Ryan will co-lead its data efforts to appease regulators with COO Anand Selva. Here's what you need to know about the new status quo.
Citigroup strips COO of responsibility after $136mn fine
Citigroup is shifting responsibility for a key piece of its compliance work and around 800 employees from chief operating officer Anand Selva, after the bank was fined $136mn by regulators this summer for reporting failures.
Citi taps tech chief Ryan to fix data management issues alongside Selva, memo shows
Citigroup has tasked technology head Tim Ryan to work alongside Chief Operating Officer Anand Selva in fixing the bank's longstanding data management issues, according to a memo seen by Reuters on Monday.
Citigroup shifts compliance work for 800 staff after $136M fine
Citigroup, one of the world’s largest financial institutions, is undergoing a significant restructuring of its compliance efforts in response to recent regulatory pressures. The bank is shifting responsibility for a crucial aspect of its compliance work,
Citi tech chief to share data responsibility with COO: memo
Anand Selva will co-lead the data program with Tim Ryan. Japan Mehta, the outgoing data chief, will transition Ashutosh Nawani into the new role of head of enterprise data office and data transformation,
Citi tasks ex-PwC leader with overseeing data quality improvement team
Tim Ryan, who joined the megabank in June, will work with COO Anand Selva to oversee enhancements to Citigroup's data integrity systems, according to a memo.
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M&A News: Citigroup (NYSE:C) Sells Trust Business to JTC for $80M
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The Financial Times5d
Citigroup strips COO of responsibility after $136mn fine
Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Citigroup is stripping chief operating officer Anand Selva of his responsibility for a key piece of its ...
Yahoo Finance4d
Citi tasks ex-PwC leader with overseeing data quality improvement team
Tim Ryan, who joined Citi in June as the head of technology and business enablement, will work with Anand Selva, Citi's chief operating officer, to lead the data-enhancement efforts, according to ...
The Banker4d
Citi removes COO from data oversight after $136mn fine; European governments sell €16bn of bailed-out bank shares
The sell-offs have also sparked merger opportunities. Last week, UniCredit acquired a 4.5 per cent stake in Commerzbank from the German government for €702mn, increasing its overall holding to 9 per ...