Citi hires Lippert away from Royal Bank of Canada

In a game of musical chairs among financial institutions, Citi has hired Marty Lippert away from Royal Bank of Canada as its new CIO and corporate operations and technology COO. He replaces Marvin Adams, who moved to Fidelity in December. The change is more than filling an empty seat, with Lippert being asked to "drive transformational change" across Citi's newly centralized global technology and operations divisions. "In today's global environment, our competitiveness is dependent on having leading technology and operational capabilities," said Vikram Pandit, Citi's Chief Executive Officer. "Marty's appointment emphasizes the importance we place on technology in driving enterprise transformation, and we'll look to him to be a key also spent 16 years at Mellon Bank, where he was executive vice president for information management and research, and chief financial officer of technology.

For more on the latest CIO change:
- check out this Wall Street &Technology article