Saturday, 13 February 2016
Last updated 1 day ago
Feb 28 2008 | 8:09am ET
A trio of hedge fund veterans has been named to Citigroup’s risk management team in the wake of tens of billions of dollars in mortgage-related losses.
Brian Leach, who worked with Citi CEO Vikram Pandit at both Morgan Stanley and the latter’s Old Lane hedge fund, has been named chief risk officer. He succeeds Jorge Bermudez, the 33-year Citi veteran who has served in the post for just four months. Bermudez is retiring.
The Wall Street giant has also named Long-Term Capital Management co-founder Greg Hawkins to head risk management in the dicey real-estate and mortgage business, while Old Lane executive Adil Nathani will lead the bank’s structured-credit risk management team.
Citi also named Morgan Stanley and JPMorgan Chase veteran Charles Monet to head risk management for capital allocation, and Suneel Bakhshi to be chief risk officer of its global consumer group.