Citi names Rugg, Cunningham to TTS Digital Team
Citi has appointed Wall Street and IBM veteran Ryan Rugg as its global head of digital assets for treasury and trade solutions (TTS).
“Ryan is well-positioned to advance TTS to the next phase of our digital asset journey,” Citi said in a press release sent to PYMNTS on Tuesday (August 16).
The company points to her most recent role as partner and head of IBM America’s Blockchain Consulting team “where she helped improve client solutions and capabilities to build digital ecosystems.”
She also served as head of the business industry unit at enterprise software firm R3 and has “extensive financial services experience” after 14 years on Wall Street at Lehman Brothers, Morgan Stanley and JPMorgan.
See also: Citi names Goldman Sachs veteran Artie Ambrose Head of TTS operations
Meanwhile, Citi has appointed David Cunningham as director of strategic partner development for digital assets for TTS.
“In this role, he will be focused on developing our partnership strategy towards the execution of our digital assets – a key component of our future success,” the release said.
Citi calls Cunningham a “serial founder” and CEO in the FinTech and RegTech space, and most recently served as commercial director at LexTego, a RegTech company that offers transaction monitoring to prevent financial crime.
Rugg and Cunningham’s hiring comes weeks after Citi named Goldman Sachs veteran Artie Ambrose to head its TTS operations division.
In this role, Ambrose is responsible for developing a strategy that drives scalability while reducing processing risk, as well as improving products and services through automation and enhancing the customer experience with Citi.
Read more: Citigroup adds 4,000 tech workers to move clients online
The banking giant said in June that it planned to hire more than 4,000 people to its technology team to move institutional clients online in the wake of the COVID pandemic.
“We’re trying to digitize as much of our customer experience as possible, front and back, and modernize our technology,” Jonathan Lofthouse, who heads Citi’s markets and enterprise risk technology operations, said at the time. “The companies that can digitize the fastest will create a competitive advantage.”
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