Brian Leach assumed the role of Head of Franchise Risk and Strategy in January 2013, and also oversees Citi's Audit, Compliance, Corporate Policy and Strategy functions. He took on this role after serving as Citi's Chief Risk Officer for nearly five years. Until March 2008, Brian was the co-Chief Operating Officer of Old Lane. Brian, along with several former colleagues from Morgan Stanley, founded Old Lane LP in 2005.
Earlier, he had worked for his entire financial career at Morgan Stanley, finishing as Risk Manager of the Institutional Securities Business, where he reported directly to its President. As Risk Manager, he oversaw capital allocation, strategic revenue-enhancement opportunities, and all aspects of credit, market, and operational risk management. He was a member of Morgan Stanley's Institutional Securities Division Management Group, Co-Chairman of the Capital Commitment Committee and Chairman of the Board of Trustees of the Morgan Stanley Foundation.
From October 1998 to December 1999, Brian was seconded to Long-Term Capital Management, the Greenwich, Connecticut-based hedge fund. He was one of six managers selected from a consortium of 14 global financial institutions to manage the liquidation of LTCM and was one of only two present for the duration. Upon his return, he was given the responsibility as the Chief Operating Officer for the Fixed Income Division, where he had broad oversight responsibilities for the division's risk, technology, operations, and legal issues.
Brian has a B.A. in economics from Brown University and an M.B.A. from Harvard Business School.