Citi has appointed Irene Fang as Corporate Fair Lending Director for all of its U.S.-based businesses. Dr. Fang will be responsible for managing Citi's robust Fair Lending program to ensure consistency across businesses with regard to fair lending policies and practices. A thought leader in the fair lending field, Dr. Fang joins Citi after a 21-year career at the Office of the Comptroller of the Currency (OCC). Most recently she was head of the Compliance Risk Analysis Division in the Economics Department, which supports the annual fair lending reviews at every bank in the OCC's large bank program and a number of midsize and community banks.
Vikram Pandit, Citi CEO, said, "'Fair Lending is a cornerstone of Responsible Finance. The addition of Irene Fang demonstrates our commitment to ensuring that our senior leadership embeds the industry's best and most innovative practices into all of our businesses."
Robert Annibale, Global Director of Citi Community Development, said: "Irene's appointment reaffirms Citi's longstanding commitment to fair lending and ensures that we continue to have in place the proper policies, procedures and controls. During her career at the OCC, Irene built the fair lending group which today sets the industry standard for risk assessment and modeling."
Fang will be based in New York, reporting to Lloyd Brown, Citi's Director of Community Reinvestment Act (CRA) and Fair Lending. She will have oversight responsibility for Fair Lending Officers embedded within Citi's various businesses.