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David C. Bushnell is the Chief Administrative Officer of Citi, a $2.2 trillion diversified international financial institution with operations in 100 countries. He is also the Senior Risk Officer of Citi.
As CAO of Citi, Mr. Bushnell is responsible for the Human Resources, Legal, Security and Investigative Services, and Compliance functions for the entire company. In addition, the Independent Audit Function reports to him for administrative purposes. As Senior Risk Officer, Mr. Bushnell is responsible for managing risk for Citi and all of its subsidiary companies, including banks, securities firms, consumer finance companies, and investment management companies. These risks include market, credit, and operational risks around the world.
Mr. Bushnell is a member of the Business Heads Committee, Citi's most senior management entity, as well as Citi's Operating and Management Committees. He is a board member of several Citi entities, including Citibank N.A., Citibank China Limited, Citibank International PLC, and Citigroup Global Markets, Inc. He is the Chair of the Risk Committee for Citibank China Limited and Audit Committee Chair for CGML. Mr. Bushnell has been actively involved in the management of risk and policy issues surrounding financial crises from the equity crash of 1997, through the mortgage market meltdown of 1994, the emerging markets and Long Term Capital Markets crises of 1998, the disruptions following September 11, 2001, and the credit market crash of 2007.
Mr. Bushnell serves on several industry and professional groups, including serving on the Executive Committee of the International Financial Risk Institute and as a Vice Chair of the Counterparty Risk Management Policy Group II. He is one of Citi's principal contacts with regulators, central banks, and senior finance and treasury officials in all major financial centers.
Mr. Bushnell began his career at BayBanks, Inc. a regional bank holding company located in Boston. He left that organization in 1985 as its Senior Vice President and Manager of its Capital Markets Division.
Mr. Bushnell joined Salomon Brothers in 1985 as a founding member of its Commercial Bank Resource Group. He was promoted to manager of the Financial Institutions Strategies Group in 1990 and was appointed a Managing Director in 1994. Between 1994 and 1998, Mr. Bushnell was the Head of the Firm's Global Finance Desk, where he was responsible for the funding of Salomon Brothers, the trading of its short-term books, and its prime brokerage business. With Travelers purchase of Salomon Brothers, he was appointed Chief Risk Officer, responsible for managing the credit, market, and operational risks of SalomonSmithBarney. In September 2000, he became the Head of Risk Management for Citi Markets & Banking, where he was responsible for all credit, market, and operational risks related to the Bank's corporate, financial, and governmental clients. He became Citi's Senior Risk Officer in December 2003, and was promoted to Chief Administrative Officer in September 2007.
Born in Hartford, Connecticut, Mr. Bushnell received a BA in English from Amherst College. He was a member on the National Council for Adoption's Board of Directors from 1991 to 2001, in addition to being the Chairman of the Board between 1996 and 1999. | 