-
The White House has issued an executive order on cybersecurity. Now the hard work begins.
February 15 -
Julie Williams, the former chief counsel at the Office of the Comptroller of the Currency, will be reunited with former Comptroller Eugene Ludwig.
January 9
Citigroup's (NYSE:C) longtime head of security has left for Promontory Financial Group.
Joe Petro, a former Secret Service agent who ran Citigroup's security and investigative services unit for 20 years, retired from the bank this month. He is now a
Petro, 68, spent 23 years in the Secret Service, including
In an interview Wednesday, Petro said he plans to help Promontory offer similar security services to bank customers dealing with
There's "an opportunity to help banks, particularly smaller banks that don't have the scale or the capacity to do these things for themselves," he said. "We've only begun to see the challenges associated with cyber fraud."
During his 20 years at the bank, Petro dealt with security issues around the world and coordinated Citigroup's response to the 9/11 attacks. In recent years he has overseen the bank's efforts to combat
Citigroup has replaced him with
"The evolution of Primerica into Travelers Group and finally Citigroup is the legacy of our company. I will always be grateful for being a small part of that legacy," Petro told his bank colleagues in an internal memo sent earlier this month. "There is a great future ahead for you and for CSIS. Brian Parr will take this organization to new levels."
A Citigroup spokesman confirmed the personnel changes.
Petro is the latest big-name hire for the firm, which has a deep bench of former regulators. Earlier this year, Promontory
Petro got his new job through another sort of connection: former Citigroup CEO Chuck Prince, who introduced him to Ludwig when Petro was starting to plan his retirement from the bank.
Ludwig and Petro "had a nice chat … and two days later he sent me an offer letter," Petro recalled on Wednesday. "It's a very impressive group of people, a very accomplished group of people … and I'm humbled. I'm looking forward to the challenges here."