Exclusive analysis from Complinet's Informer magazine for subscribers. The Autumn 2009 issue (PDF) is now available.
Complinet's independent consultant Nick Paraskeva met with Cindy Armine at Citigroup's offices on Park Avenue in New York. One year after the break of the credit crisis, and on the eve of new regulatory oversight, this seemed a timely moment to take stock of how the role of compliance has been affected by the crisis and to ask what further changes were in store.
Armine was appointed to the role of chief compliance officer for Citigroup in summer 2008, just before the crunch. In this age of job-hopping, the appointment came after a 28-year career at the firm and its predecessors. (Full disclosure, the interviewer's own prior role as a compliance officer included a period working at Citigroup.)
"This has been a stunning year; you have the crisis in the economy and in the markets, a huge increase in business-as-usual activities and then an enormous change in regulation,"
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