Citigroup announced last week that Brian Leach will assume the role of chief risk officer, reporting to Chief Executive Officer Vikram Pandit. Leach will also become acting chief risk officer for the institutional clients group.

The company also named four new senior managers to the risk unit - Suneel Bakhshi, Charles Monet, Greg Hawkins and Adil Nathani - who will all be reporting to Leach. In his new role, Leach will work closely with Pandit, heading up the bank's efforts to manage and track all risks undertaken by Citi. He will also lead the efforts to set strategic risk parameters and will play a significant role in capital allocation to make sure that Citi takes advantage of growth opportunities that meet appropriate risk-return standards.

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