Citigroup is serious about the future impact of information technology on its businesses enterprisewide. The behemoth named Marty Lippert as its new CIO and corporate operations and technology chief operating officer. Lippert brings 27 years of innovative IT experience to Citi, serving most recently as vice chairman and group head of global technology at Royal Bank of Canada.
“Marty’s appointment emphasizes the importance we place on technology in driving enterprise transformation, and we’ll look to him to be a key architect of that change,” Citi CEO Vikram Pandit said in a statement to the press. The appointment is a clear signal that Citi is committed to building toward—not just slashing its way to—recovery.
Lippert is used to being top gun. And while Lippert is expected to “work closely” with Citi’s Kevin Kessinger, chief operations and technology officer, the reporting structure—notably to whom Lippert will report—was unclear at press time.