This is a surprise. I wonder what will happen to Finance. I heard a lot of NYC jobs are going to lower cost locations.
https://finance.yahoo.com/news/citi-cfo-mason-to-step-down-after-ceo-frasers-power-consolidation-135104516.html
2 replies (most recent on top)
AW
You're late for the announcement. Finance has been a bit of a hot mess and is one of the main reasons for the data part of the consent order. MM has not been able to get the automation required for CCAR and other regulatory filings that sit with Finance. However, present incumbent and past enterprise data officers should also share the blame. He got rid of Tim Ryan's predecessor too late and am not sure how much of a say he had in Tim's appointment...not sure it's the correct choice. As far as cost cutting goes, Mason's hands were a bit tied with the overhead of the consent order but allowing data and risk management to double or triple in size couldn't have helped his case