October 22, 2024: Citi Australia has appointed Elizabeth McAlpine as Chief Risk Officer (CRO) and Head of Corporate Credit Risk, subject to local regulatory and compliance approvals.

In this role, Elizabeth will oversee the company's regulatory and governance risk management and will be responsible for managing portfolio risks and providing robust oversight of our lending and counterparty credit risk activities.

Elizabeth is an experienced banking executive with 23 years' experience in Risk Management and Corporate Banking. She joins from J.P. Morgan where she most recently served as a Relationship Executive in its Corporate Bank. Prior to this, Elizabeth was J.P. Morgan's Head of Credit Risk for Australia and New Zealand.

Citi Australia and New Zealand CEO Mark Woodruff said, "I am excited to welcome Elizabeth to Citi. 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."

Elizabeth will be based in Citi's Sydney office and will report to Mark Woodruff, CEO Citi Australia and New Zealand and Ashish Sethi, Head of Japan, Asia North & Australia (JANA) Cluster & Banking Risk.

Commenting on her appointment, Elizabeth said, "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."