Citigroup Names Next Controller, Accounting Chief -- Update
September 25 2020 - 7:54PM
Dow Jones News
By Stephen Nakrosis
Citigroup Inc. on Friday named Johnbull Okpara as controller and
chief accounting officer.
Mr. Okpara is currently global head of financial planning and
analysis and chief financial officer of the infrastructure groups
at Morgan Stanley, a role he has held since 2016. Before that he
was deputy controller at Capital One Financial Corp. He will assume
his new role at Citi once he is released "from certain commitments
to his current employer," the New York bank said in a regulatory
filing without providing details.
Mr. Okpara succeeds Jeff Walsh, who stepped into the role on an
interim basis in February following the departure of Raja Akram,
the bank's former chief accountant. Mr. Walsh was Citi's controller
and chief accounting officer from 2009 through 2017. He retired
from the bank last year after serving until early 2019 as head of
transformation for the independent risk management division. Mr.
Walsh is returning to retirement.
Mr. Okpara will receive a base salary of $475,000 and a 2020
bonus of about $3.53 million, Citi said in the filing.
"I'm thrilled that Johnbull is joining our team at Citi," Mark
Mason, Citigroup's CFO, said in an internal memo, praising Mr.
Okpara's industry experience.
--Kristin Broughton contributed to this article.
Write to Stephen Nakrosis at stephen.nakrosis@wsj.com
(END) Dow Jones Newswires
September 25, 2020 19:39 ET (23:39 GMT)
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