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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 $136 million by regulators this summer for reporting failures. The responsibility for fixing data management issues will now be shared by technology head Tim Ryan and Selva, as a memo shows. This move comes as part of Citigroup's efforts to address longstanding data issues following the substantial $136 million fine.
Citi taps tech chief Ryan to fix data management issues alongside Selva, memo shows https://t.co/rKz1l9V9Lc https://t.co/lGtCAF50PH
🔵 CITI TAPS TECH CHIEF RYAN TO FIX DATA MANAGEMENT ISSUES ALONGSIDE SELVA, MEMO SHOWS Full Story → https://t.co/biBWUaPxD6 (Reuters) - Citigroup has tasked technology head Tim Ryan to work alongside Chief Operating Officer Anand Selva in fixing the bank's longstanding data… https://t.co/iwwzz38dCr
Citi COO relieved of responsibility for data overhaul following $136 million fine https://t.co/yLFa5cEe3d
