Citi re­ceive Risk Man­ager of the Year Award

The Pak Banker - - 6BUSINESS -

The Global As­so­ci­a­tion of Risk Pro­fes­sion­als (GARP) pre­sented its 2012 Risk Man­ager of the Year Award to­day to Brian Leach, Head of Fran­chise Risk and Strat­egy at Citi, at the As­so­ci­a­tion’s 14th An­nual Risk Man­age­ment Con­ven­tion & Ex­hi­bi­tion at the New York Mar­riott Mar­quis in New York City.

“It is an honor to ac­cept this award on be­half of the en­tire team at Citi,” said Brian Leach, Head of Fran­chise Risk and Strat­egy, Citi. “To­day, risk man­age­ment is at the core of the in­dus­try’s and each fi­nan­cial in­sti­tu­tion’s strat­egy and de­ci­sion mak­ing. To be ef­fec­tive, it must be. The safety of the bank­ing sys­tem has been ex­ten­sively im­proved since the fi­nan­cial cri­sis, yet there is more work to do, par­tic­u­larly with the trans­parency of dis­clo­sures. GARP is do­ing ground­break­ing work in this area, and we at Citi look for­ward to work­ing to­gether to en­sure a safe bank­ing sys­tem that can sup­port and fa­cil­i­tate growth in the fun­da­men­tal econ­omy, while low­er­ing sys­temic risk.”

Richard Apos­to­lik, Pres­i­dent and CEO of the Global As­so­ci­a­tion of Risk Pro­fes­sion­als, said, “For the past 13 years, award re­cip­i­ents have been nom­i­nated and rec­og­nized by their peers for their ex­per­tise and con­tri­bu­tions in risk man­age­ment. Award re­cip­i­ents are pre­em­i­nent risk man­age­ment pro­fes­sion­als or or­ga­ni­za­tions who have achieved recog­ni­tion for their work ex­pe­ri­ence in the field, ei­ther as a prac­ti­tioner, aca­demic or reg­u­la­tor, and we are very pleased to add Brian Leach to this es­teemed group.”

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