Over the last few months, we've been clear that our Data efforts have expanded significantly from our original plan as we've progressed the work. We've also been clear about our need to accelerate our progress in this area and, consequently, we've committed to dedicating additional resources to it.
Citi has spent a massive amount of resources on a firmwide initiative to appease regulators. The head count for the so-called 'Transformation' program has soared to 12,000 from some 3,000 since 2021.
#data-management #regulatory-compliance #corporate-governance #banking-technology #leadership-change
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