A former Citigroup managing director is suing the bank, alleging she was terminated for raising alarms about data governance practices and refusing to obscure critical information from regulators.
Kathleen Martin, who joined Citigroup in 2021 specifically to help the bank address compliance deficiencies, claims her dismissal on September 25, 2023, was retaliation for doing exactly what she was hired to do. Citi says it was a performance issue.
What Martin alleges happened
Martin was brought on board to help Citigroup clean up its act following consent orders issued by the OCC and Federal Reserve in 2020.
According to the lawsuit, filed in May 2024, Martin identified issues with risk management practices and data governance metrics. She alleges she was pressured by leadership to present sanitized data to regulatory bodies. When she pushed back, she says she was shown the door. The lawsuit names Citigroup’s COO Anand Selva among its claims of retaliation.
