S. Leslie Ireland seen as bolstering bank’s cyber-threat readiness
By Barbara Wenger
Citi, a leading global bank with approximately 200 million customer accounts, doing business in more than 160 countries and jurisdictions, bolstered its cyber-threat readiness by appointing a former government intelligence veteran to its board.
S. Leslie Ireland, was Head of the Office of Intelligence and Analysis (OIA), U.S. Department of the Treasury, and National Intelligence Manager for Threat Finance under the Director of National Intelligence (DNI) until 2016. She was the principal advisor to the DNI on threat finance and oversaw the intelligence process regarding the use of financial information to combat the wide range of US national security threats, including terrorism, weapons of mass destruction, narco-trafficking and transnational organized crime.
“Cybersecurity and anti-money laundering are top priorities for the company,” said Citi Chairman, Michael E. O’Neill. “Leslie’s extensive experience working to protect the integrity of the financial system will support this critical work.”
As head of the OIA, Ireland served as the principal intelligence advisor to the Secretary of the Treasury, and was responsible for leading analysis of key financial vulnerabilities, and strengthening and expanding the infrastructure needed to protect Treasury’s national security. During her career, she also served for 20 years at the CIA, including her role as Executive Assistant to the Director and Deputy Director of Central Intelligence.
Citi also appointed another former government official to its board, John C. Dugan, the former Comptroller of the Currency.
Dugan recently retired as chair of the Financial Institutions Group of Covington & Burling LLP. From 2005 until 2010, he was Comptroller of the Currency, the chief officer of the OCC that supervises more than 1,500 federally chartered commercial banks and about 50 federal branches and agencies of foreign banks in the U.S. comprising nearly two-thirds of the assets of the commercial banking system. The Comptroller also is a director of the Federal Deposit Insurance Corp.
“John has a deep understanding of our industry from his exceptional experience working with financial institutions,” O’Neill said. “I know both will make valuable contributions as members of the board.”