Citi shops on eBay for new head of data

While banks have seen some of their brightest talents seize new opportunities in fintech, Citi is fighting back against the disruptors by recruiting from a leading retail website.

A former eBay executive is joining Citigroup as head of Asia-Pacific data and analytics in its consumer banking team, a move which goes against the trend of leading figures from banking heading to tech start-ups, and bolstering Citi's fightback against fintech disruptors.

Zoher Karu's appointment was announced by the US bank on Tuesday. He previously worked as chief data officer at eBay, the global online marketplace which he first joined in 2013 as vice-president of customer optimisation and data. 

Citi said Karu would report directly to Anand Selva, its head of consumer banking for the region, and would be responsible for driving the use of data...

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