Citi Appoints Tim Ryan to Lead Data Quality Overhaul

Overview

• Tim Ryan, formerly of PwC, joined Citi in June and will now oversee the bank's data quality improvement team.
• Ryan will work with COO Anand Selva, who continues to lead Citi's broader risk management and control remediation efforts.
• Citi has been fined $136 million for inadequate progress on data management issues identified in 2020.
• Ashutosh Nawani, head of enterprise risk management, will join Ryan's team as head of the enterprise data office and data transformation.
• Citi has significantly increased its investment in data quality, with a head count for the transformation program rising from 3,000 to 12,000 since 2021.