Elizabeth McAlpine has joined the company as its chief risk officer and corporate credit risk head, subject to local regulatory and compliance approvals, bringing more than two decades of experience to the position.
She joins from JP Morgan where she spent 23 years, most recently as a relationship executive in its corporate bank for more than two years, and as the head of credit risk for Australia and New Zealand (ANZ) for almost 14 years before that.
In her new position, McAlpine will oversee the company’s regulatory and governance risk management and will be responsible for managing portfolio risks and providing oversight of lending and counterparty credit risk activities.
According to the company, she will be based out of Citi’s Sydney office, reporting to Citi ANZ chief executive Mark Woodruff, as well as Ashish Sethi, head of Japan, Asia North and Australia (JANA) cluster and banking risk.
Speaking on the announcement, Woodruff welcomed McAlpine to the role.
“Elizabeth brings great experience to this role and has a deep understanding of the local client and regulatory landscape. I look forward to her contribution to our leadership team and her contribution to the local and global franchise,” Woodruff said.
McAlpine added that she was pleased to take on this new opportunity.
“I am delighted to be joining Citi and look forward to leading Citi’s best in class governance and risk management environment to deliver great outcomes for clients,” she commented.
This follows several appointments announced early last month across its ANZ markets business on the back of strong revenue growth.
These new hires spanned across the company, including market sales, asset-backed securitisation and financing, G10 rates trading, corporate access, FX and equities electronic execution.
According to Citi, these hires follow several staff restructures within the business’ local operations this year, particularly within the executive team.
