Citigroup announced it has appointed Jennifer Taylor as chief compliance officer for its Institutional Clients Group (ICG), effective Dec. 7. Taylor will report to Chief Compliance Officer Mary McNiff and will be based in the United Kingdom.
Taylor will assume her position from Gary Rosen, who was serving in that role in an interim capacity. Rosen will remain as chief compliance officer covering Markets and Securities Services and report to Taylor, according to an internal memo to employees from McNiff seen by Compliance Week.
Taylor joins Citi from Bank of America, where she was head of compliance and operational risk for the United Kingdom and Central Eastern Europe Middle East and Africa (CEEMEA). Previously, she held a number of key management roles including chief operating officer for EMEA; chief operating officer for Asia-Pacific (APAC); and chief administrative officer for APAC. She also served as general counsel for various teams across the APAC region.
Taylor brings a wealth of experience in strategic compliance risk management and effective regulatory interaction. She has deep product knowledge across the institutional space and a proven track record in driving and embedding a compliance culture across a global franchise.
“As ICG CCO, Taylor will be responsible for leading a global team tasked with effectively designing, implementing and managing the compliance risk management framework across Citi’s broad ICG businesses,” McNiff wrote in the email. “She will also provide franchise support to ICG senior management and will support strategic initiatives and emerging issues including the ICG Regulatory Inventory Mapping program.”
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