Penny Cagan leaves Algo First for Citi

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Penny Cagan, managing director and head of research for Algorithmics, and developer of the Algo First loss database, has left the software firm to join Citi in New York. Her new role involves starting a research and analytics group for Citigroup's global compliance function. She reports to Jim Barkley, the chief administrative officer of global compliance at Citi. Cagan is a well-known figure in the operational risk community. She has been a regulator contributor to Operational Risk & Reg