Citi has nabbed a former Macquarie and Bank of America compliance lead, to overlook its Australian and New Zealand businesses.
Sarah Stewart has been granted the role of managing director and chief country compliance officer for Australia and New Zealand.
She has replaced James Davies, who has been appointed as regional chief compliance officer for Citi’s institutional business based in Hong Kong.
Ms Stewart will oversee the compliance function for the institutional and consumer bank, reporting to the bank’s Asia-Pacific regional chief compliance officer Aveline San as well as Citi Australia chief executive Marc Luet.
Ms Stewart will also join the Citi Australia and New Zealand executive committee, and the bank’s regional independent compliance risk management operating committee.
She reportedly has more than 20 years’ experience managing compliance functions, across Australia, Europe and Asia, at financial services providers such as Macquarie Group, Bank of America and Societe Generale.
Ms Stewart has joined Citi from Tabcorp, where she spent four years as general manager for risk and compliance.
Mr Luet commented: “Sarah’s diverse experience and leadership skills will be an important asset to Citi Australia.”
Sarah Simpkins is a journalist at Momentum Media, reporting primarily on banking, financial services and wealth.
Prior to joining the team in 2018, Sarah worked in trade media and produced stories for a current affairs program on community radio.
You can contact her on [email protected].
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