Two long-serving Citi executives have embarked on new endeavors as the banking giant undergoes a significant corporate reshuffle. Stuart Riley, after a 13-year stint with Citi, has transitioned to the role of Global Chief Information Officer at HSBC. Concurrently, Alaa Saeed has left his position as global product head for an FX platform at Citi to join a Bahraini government-supported tech initiative after a notable 16-year tenure.

The departures of Riley and Saeed come at a time when Citi is witnessing a streamlining of its engineering division. David Griffiths’ role has been narrowed down to Head of Engineering and Architecture, reflecting a broader trend of role consolidation within the company. These changes align with Citi’s strategy to tighten its operational structure.

As part of the reshuffle, New York-based Jonathan Lofthouse has been appointed as Co-Chief Information Officer, working alongside Shadman Zafar to fill the vacancy left by Riley. The internal and external movements indicate a period of transition for Citi, with a focus on strategic realignment and leadership adaptation.

Company insiders have expressed high regard for both Riley and Saeed, underscoring their contributions to Citi over their extensive service periods. Their new roles signify a shift in their professional trajectories, with Riley taking on a significant global role at another leading financial institution and Saeed engaging with an innovative tech venture in Bahrain.

The engineering division at Citi, which was previously led by Griffiths as Institutional Clients Group Head of Engineering and Architecture, is expected to continue its development under the revised leadership structure. The strategic updates to the division’s leadership are part of Citi’s ongoing efforts to enhance efficiency and innovation within its technological operations.