Citi appoints new chief risk officer


Citigroup has announced the appointment of Brian Leach as the firm's new chief risk officer (CRO), just three months after the bank appointed Citi veteran Jorge Bermudez to the same position.

Leach, currently CRO and co-chief operating officer at Old Lane, the multi-strategy hedge fund acquired by Citi in April 2007, will also assume the title of acting risk officer for the institutional clients group. He will report directly to Citi chief executive Vikram Pandit, who headed Old Lane prior to

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