There was a smart dude with tons of patent under his belt but was let go and now he is equal to Trim at a healthcare company. While we have a dum--ss AN who doesn’t know sh-t and torch is given by Trim to AN to burn down the house…LOL
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@rs Totally agree. AN is sinking the ship much faster than his predecessor. The guy comes from PWC where consultants have tendency to create the mess and leave so they can come back and pitch to fix it. Jane has made a huge mistake by relying on Tim to have AN run the show. In one year the only progress made is new data governance policy that is same as previous with changing some names and paragraphs. AN getting rid of people who actually know data and replacing them with PMOs or his Risk cronies. 10 to 1 bet he will be gone before the year end and new regime takes over.
@rh I don't know Japan's prior history at Citi and his selection as the chief data officer over Eleanor is a real mystery (but as someone said, Anand probably had a part to play in it since data transformation was officially under Anand's department...with Tim and Ash, Anand has been pushed out of that space now), but the guy had just been in his chair for 6-7 months and inherited a vast problem. When the fine came, someone had to be fired for optics so Japan was the fall guy
AN has been around lomger than Japan has been, headcounts have doubled under AN and nearly 10 months later, the best we have so far is identification of critical data elements and an impossible documentation/check and challenge/program management lobby that has slowed things down tremnendously and is eating away dollars - data is bleeding money at Sh1ttybank. Yet, AN continues to be around despite having delivered very little in the name of real data transformation. Rearranging the deck chairs isn't progress. Surrounding himself with non-data background MD's isn't transformation
Dude, Japan failed at everything he did at Citi. Not one organization he led while at Citi until he became CDO is still around. And then he sc--wed that up as well.
@k2 Absolutely, hiring expensive, inexperienced and at times incompetent consultants (McKenzie, BCBG, PwC etc.) to “fix the bank”, started the nightmare. These experts, with their limited academic knowledge, started “transforming” everything at the same time, resulting in thousands of RBCMs. They just populated xls/ppt/word documents with some fancy verbiage and random delivery timelines.
@bs CEO Insane Jane is NOT smart. Look @ All the mistakes and Fvckups she's made and done !
Book smart can only take you so far.
@a2 True, both Japan and AN are not data experts and have no idea regarding the real data issues. Japan probably got the role as he was close to Nand and AN got it because of his connections with TR/Nand.
I also think that Japan paid the price and was made the scapegoat after 135 million fine and KM’s lawsuit which categorically highlighted Japan’s lack of data expertise.
@bs Jane knows it very well that Ash and his cronies are pathetic and stupid. For Jane what matters most is the stock price. If she can get it up to a certain level then she gets hefty bonus. Usually in banking CEO is around max 5 years (exception Jamie Dimon). Jane is approaching that timeline so she knows one more bleep from OCC she is out. So milk the cow as much as you can.
Nepotism and bootlicking in the data rpogram at Citi is so rampant that I can't believe that a smart woman like JF hasn't been able to spot it. Bootlicking is rewarded, speaking up against absolute wrongdoing is retaliated against and AN has ascended to living in castles in the sky. When, and if, he's brought crashing down to earth, it will have been entirely his fault. He will be the first to go, not his directs. His directs are singularly clueless about data, but the buck will and should stop with him. Those that actually know data will not shed a single tear for him - he's set himself up for it by believing in the charlatans that report in to him.
Japan went to Humana as CIO. Apparently, had a tiff with the CTO and the CTO walked out. Not sure who was at fault there.
Citi is a different story. Japan was from an analytics background, not really suited to the regulatory landscape for data. The job should ideally have gone to ED who had the experience and the drive but I wonder who chose Japan. Anyway, AN is out of his depth as well. There are so many documentation requirements and double the people exist for review and challenge than one's who do the real work. Focus has shifted from resolving the many data challenges to documentation - exactly the same mistake made when that JP Morgan dude was the chief data officer. Data is being run as a program management unit because all of AN's directs are glorified and generalist PM's skilled at managing upwards. Virtually, none of them are data people who are rooted to the ground and familiar with data management principles. This is why AN is also out of touch from the ground reality and he will soon find that out at his cost