-
Michael Corbat is reorganizing Citi's top ranks for the first time since taking over in October, promoting longtime executives Jamie Forese and Manuel Medina-Mora to co-presidents.
January 7
A top Citigroup (NYSE:C) executive has been named risk manager of the year.
Brian Leach, the head of franchise risk and strategy at the nation's third-largest bank by assets, earned the honor, which the Global Association of Risk Professionals bestowed on Tuesday.
Leach, who oversees Citigroup's audit, compliance, corporate policy and strategy functions, joined the company in 2008 from Old Lane Partners, a hedge fund he co-founded. He earlier served as chief operating office of the fixed income division at Morgan Stanley (MS), where he held a series of senior posts over the course of 25 years with the firm.
"Award recipients are preeminent risk management professionals or organizations who have achieved recognition for their work experience in the field, either as a practitioner, academic or regulator, and we are very pleased to add Brian Leach to this esteemed group," Richard Apostolik, the association's chief executive, said in a press release.
"It is an honor to accept this award on behalf of the entire team at Citi," Leach added in the release.
Leach, who previously served as Citigroup's chief risk officer, was promoted in January by Chief Executive Michael Corbat as part of a
