Anand Selva elevated as Citigroup's global head of consumer banking
Anand Selva has been appointed as head of Citibank’s global consumer banking. Selva succeeded Jane Fraser.
Selva, who has vast experience of nearly three decades, helped shape the international banking giant's consumer strategy in different regions including Asia and the United States.
Most recently, he served as CEO of U.S. consumer banking since 2018.
"Anand has unified our products into one client-centric business, strengthened talent and deployed a digital-first strategy that is elevating the growth trajectory of our franchise," the bank said in a joint memo signed by Fraser and outgoing CEO Mike Corbat.
Additionally, the bank said that Chief Risk Officer Brad Hu has decided to leave the bank after 12 years at the firm. Last month Citigroup agreed to pay a $400 million penalty and overhaul its risk management, data governance and internal controls across the company after U.S. regulators identified "several longstanding deficiencies" and operational lapses
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