Business woman, Sam Mostyn, replaces Dick Warburton as Citi's new chairman for its retail bank. Sam Mostyn is known as one of the most influential women in sport due to her role as an AFL commissioner since 2005 where she was the first woman to be appointed to the AFL commission. She believes "diversity really matters" for better governance and risk management.
Sam Mostyn an impressive business woman
First and foremost, Sam Mosytn is an accomplished business leader and has served on Citi's board since 2011. According to the Financial review, Sam Mostyn says her focus will be on ensuring the board supports the business and maintains a productive relationship with managing director Julian Potter and senior management at Citi.
Maintaining a strong "risk culture" is also important to Sam Mostyn. Her attention on Citi's work culture will review absenteeism trends and look at the bank's diversity and longevity of employees in roles.
Citi's push towards responsible financing is perhaps also impressive to Sam Mostyn as includes a ($141 billion) climate change fund committed to sustainability related projects as well as local initiatives to reduce youth unemployment.
Citigroup has also announced two further appointments to the Citi board - former PwC partner Ian Hammond and former secretary to the department of the prime minister and cabinet, Dr Ian Watt.
Across Australia the number of women on boards is steadily increasing. Yet while women are being appointed to the boardrooms as both executive and non-executive directors, the number of women chairmen remains small.
The good news, however, is that gender equality in the workplace is progressing and with 90 organisations celebrated in the Workplace Gender Equality Agency (WGEA) Employers of Choice for Gender Equality citation
Citi's diversity focus
Citi has demonstated a strong track record in building a diverse and inclusive workforce.
One of their employee networks, Citi Women, has an active focus on supporting the bank in attracting, retaining and developing female talent.
Citi Women is a company-wide effort designed comprised of two core programs: Women Leading Citi and the Women's Leadership Development Program and entails further work focused around advancing women across their businesses, fostering a global network and engaging clients in their efforts.
Work for Citi
If you're serious about your career and are looking for your next challenge in the finance sector working for an international bank that truly respects and values the strengths, differences and experience you bring - then perhaps Citi is for you.
Find out more