Executive changes at Citibank
(10 November 2015 – Australia) Citi has elevated James Arnold and Ian Campbell to head its Australian and New Zealand debt capital markets team, following the appointment of Alex Hayes-Griffin to a position in London.
Arnold will lead debt capital markets syndication, while Campbell will head debt capital markets origination.
Both will report to Sydney-based capital markets boss John McLean.
Meanwhile, the board of Citigroup Australia's retail bank named Sam Mostyn as the successor to former chairman Dick Warburton.
Mostyn an AFL commissioner, and holds board positions at Virgin Australia, Transurban and Mirvac, and was formerly an executive at Insurance Australia Group and Optus.
She highlighted that a major assignment will be to continue to ensure the bank maintains a strong "risk culture". She said the board spent about 30 to 50 percent of its time on the issue "particularly important given its global franchise".
"In a bank many of those parameters are set by the regulators and we are hearing more and from them in conversations about risk. That it must be measured, detected and remediated."
Mostyn added that at a global level, the bank concentrated on ensuring risk culture is tied to salaries and bonuses.
"As directors get more experienced, they become better at finding things that are proxies for risk."
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