Citi has appointed Richard Evans as the new chief risk officer for Citi institutional clients group.
Mr Evans will be responsible for managing and tracking the firm’s risks across corporate and investment banking, sales and trading, transaction services and alternative investments.
Mr Evans will report to Citi chief risk officer Brian Leach, and will join the institutional clients group management committee chaired by John Havens, CEO of Citi institutional clients group.
Mr Evans will be responsible for setting strategic risk parameters and managing capital allocation for Citi institutional clients group, as well as ensuring that the firm takes advantage of growth opportunities that meet appropriate risk-return standards.
James Forese, head of markets for Citi institutional clients group and chair of Citi’s markets and banking risk committee, said: Richard is one of the best risk managers in the business. He will play a key role in further embedding intelligent risk-taking into every decision we make for our clients and the firm.