Citi names Indian origin Selva as COO to lead risk management overhaul

Veteran company executive previously handled roles in consumer banking, retail, cards

Anand Selva, an Indian-origin senior executive at Citigroup, has been given the additional role of chief operating officer (COO) of the US bank.

Selva, who is now chief executive--personal banking and wealth management--at Citigroup, in his new role will oversee the bank’s work as it changes its risk management and internal control systems. Selva, a 32-year Citibank veteran, is taking over as COO from Karen Peetz, who retires in May.

Selva, who is a part of Citi’s executive management team, in his present role is responsible for the company’s personal banking business in the US. Selva earlier served as Citigroup’s