New roles and responsibilities for several key leaders at Citi

David Livingstone, CEO of EMEA, comments on the new roles and responsibilities for their new several key leaders at Citi.

David Livingstone, CEO of EMEA, Citi

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Colin Church, EMEA’s Chief Risk Officer, has been appointed Global Head of Crisis Risk Management and Climate Risk, a newly created role focused on these important areas. He will be responsible for setting the vision and delivering a firm-wide strategy concerning climate risk, while leading crisis risk management globally. Colin is well qualified to fill this role, having led Citi through several crisis management events, including the Arab Spring, the Eurozone debt crisis, Argentina’s restructuring and, most recently, Brexit. Colin will report to Brad Hu, Global Chief Risk Officer.

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It is a critical priority to ensure that we have the right leadership and organizational structure in place to take advantage of the distinct opportunities that exist for Citi globally and within EMEA.

David Livingstone, CEO, Europe, Middle East & Africa

Zdenek Turek has been appointed EMEA Chief Risk Officer, effective immediately. Zdenek is one of our most seasoned leaders in the region, having held a number of senior roles in banking, corporate finance and country management during his 29 years with Citi. Most recently, he was Head of the Europe Cluster, and CEO of Citibank Europe plc (CEP), our pan-European bank, based in Ireland, where he has been instrumental in our planning for operating in the EU post-Brexit. Previously, he was CCO Romania, Head of Africa, CEO for Central and Eastern Europe, and EMEA Corporate Banking Head. In his new role, Zdenek will relocate to London, and report to Brad. He will remain on the EMEA Operating Committee, and also assume Colin’s current Senior Manager responsibilities in the UK, subject to regulatory approval.

Kristine Braden will succeed Zdenek as Head of the Europe Cluster, effective immediately, and will be based in Frankfurt. In addition, Kristine will become the CEO of Citigroup Global Markets Europe (CGME), our EU investment firm, subject to board and regulatory approval. In her 22-year career at Citi, Kristine has held senior roles in banking, capital markets and transaction services in EMEA, Latin America and Asia. For three years, she was CCO and Head of Corporate & Investment Banking for the Swiss Cluster, one of our largest franchises in EMEA. She was previously European Head of the Global Subsidiaries Group, and Global Banking Head for the Philippines. Kristine has been Chief of Staff to CEO Mike Corbat since 2018. Kristine will report to me, and will join the EMEA Operating Committee.

Stefan Hafke has agreed to act as interim CCO for Germany, in addition to his existing responsibilities as Head of Corporate Banking for Germany and Austria. A process is underway to select a successor to former Germany CCO Stefan Wintels, who earlier this week was named Co-Head of the Global Financial Institutions Group within Banking, Capital Markets & Advisory.

Cecilia Ronan, current CCO Ireland and Chief Administrative Officer of CEP, will be named CEO of CEP, subject to board and regulatory approval. As our principal European bank, CEP is one of our most important legal entities in EMEA. Cecilia has done outstanding work since becoming CCO of Ireland in 2018, helping to establish Dublin as a key EU hub for Citi. Cecilia will report to Kristine in her role as CCO of Ireland, and to me in her role as CEO of CEP. She will also join the EMEA Operating Committee.

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New roles and responsibilities for several key leaders at Citi