Citi Board Elects Alexander Wynaendts and Grace Dailey to Board of Directors
September 04 2019 - 12:06PM
Business Wire
Citi’s Board of Directors today announced that it has elected
Alexander Wynaendts and Grace Dailey as new independent directors,
with service commencing immediately. Mr. Wynaendts has had a
successful career in the financial services sector and since 2008
has served as CEO of Aegon N.V., one of the world's leading
providers of life insurance, pensions and asset management. Ms.
Dailey is a retired bank regulator with more than 35 years of
experience working at the Office of the Comptroller of the
Currency, where she reached the position of Senior Deputy
Comptroller.
Citi Chair John C. Dugan said, “We are pleased to have Alex and
Grace join Citi’s Board of Directors. Alex has deep expertise in
financial services; a successful track record running global
businesses and expanding in emerging markets; and valuable
experience leading a digital transformation. These skills and
experiences are highly relevant to Citi and I know he’ll add
immediate value to our Board. Strong regulatory compliance is one
of Citi’s highest priorities, and I’m confident that Grace’s
experience will further strengthen the continual diligence we must
do to live up to Citi’s commitment to be an indisputably strong and
stable institution.”
Alexander Wynaendts
Alex Wynaendts began his career in 1984 with ABN AMRO Bank,
working in Amsterdam and London in the Dutch bank's capital
markets, asset management, corporate finance and private banking
operations. In 1997, Mr. Wynaendts joined Aegon as Senior Vice
President for Group Business Development. He was appointed as a
member of Aegon's Executive Board in 2003, overseeing the Company's
international growth strategy. In April 2007, Mr. Wynaendts was
named Aegon's Chief Operating Officer. A year later, he became
CEO.
Since becoming CEO in May 2008 Mr. Wynaendts has transformed
Aegon into a technology driven and agile business. He has
simplified and refocused the business, led significant
restructurings in its key markets, solidified the Group's capital
position and delivered a strong financial performance. At the same
time, he has expanded Aegon's business in Asia and in Continental
Europe. The company is now well positioned to realize its full
growth potential and better meet its customers' increasing needs.
He has recently announced that he will retire from Aegon in May
2020 after serving 12 years as CEO.
Mr. Wynaendts has been an Independent Director of the Board of
Air France-KLM S.A. since May 2016 and the Chairman of the
Supervisory Board of Puissance B.V. (not listed) since May 2017. He
also serves as Chairman of the Supervisory Board of the Rijksmuseum
in Amsterdam. He was educated in France and has a degree in
Electrical Engineering from Ecole Supérieure d'Electricité and a
degree in Economics from Paris-Sorbonne University.
Grace Dailey
Ms. Dailey began working at Comptroller of the Currency in 1983
and continued her career there until she retired earlier this year
from her position as Senior Deputy Comptroller for Bank Supervision
Policy and Chief National Bank Examiner. In this capacity, Ms.
Dailey directed the formulation of policies and procedures for the
supervision and examination of national banks and federal savings
associations. Ms. Dailey also served on the OCC’s Executive
Committee and chaired the agency’s Committee on Bank Supervision,
which consisted of the four most senior supervisory executives.
Over the course of her career, Ms. Dailey supervised banks of
all sizes and was designated a Senior National Bank Examiner, the
highest honor available to national bank examiners. She is deeply
knowledgeable on how banks operate, and has in-depth knowledge
about liquidity, capital adequacy, risk management and credit
quality. She also built an expertise in capital markets early in
her career, and has experience with payments technology,
digitization and cybersecurity risk, increased globalization and
cross-border consolidation.
Ms. Dailey obtained her Bachelor of Business Administration with
a Major in Finance from the University of Wisconsin-Eau Claire. She
has also earned the Chartered Financial Analyst (CFA)
designation.
Citi
Citi, the leading global bank, has approximately 200 million
customer accounts and does business in more than 160 countries and
jurisdictions. Citi provides consumers, corporations, governments
and institutions with a broad range of financial products and
services, including consumer banking and credit, corporate and
investment banking, securities brokerage, transaction services, and
wealth management.
Additional information may be found at www.citigroup.com |
Twitter: @Citi | YouTube: www.youtube.com/citi | Blog:
http://blog.citigroup.com | Facebook: www.facebook.com/citi |
LinkedIn: www.linkedin.com/company/citi
View source
version on businesswire.com: https://www.businesswire.com/news/home/20190904005739/en/
Media: Jennifer Lowney (212) 793-3141 Investors: Elizabeth Lynn
(212) 793-2033 Fixed Income Investors: Thomas Rogers (212)
559-5091
Citigroup (NYSE:C)
Historical Stock Chart
From Mar 2024 to Apr 2024
Citigroup (NYSE:C)
Historical Stock Chart
From Apr 2023 to Apr 2024