Mark Carawan, Chief Auditor for Citigroup has been appointed President of the Chartered Institute of Internal Auditors (the institute). He will lead the institute’s council for a year.
Mark Carawan, who heads one of the world’s largest internal audit functions, has had a distinguished career in internal audit, with a particular focus on financial services institutions. Prior to joining Citigroup, he was Chief Internal Auditor for Barclays Group, and has also been Managing Partner responsible for Enterprise-wide Assurance to wholesale financial services institutions at Deloitte (UK).
The role of Deputy President will be taken by Paul Boyle OBE, Chief Audit Officer at Aviva, who between 2004 and 2009 was the first Chief Executive of the Financial Reporting Council (FRC). Before joining the FRC, Paul was Chief Operating Officer at the UK Financial Services Authority from 2000-2004, following senior financial management roles in WH Smith Group plc and Cadbury Schweppes plc.
Commenting on Mark Carawan’s appointment, Dr Ian Peters MBE, Chief Executive of the institute said: “We are delighted that Mark will be our President for the coming year. He will bring a unique insight to the role, coming from a sector where internal audit has undergone a transformation and is now recognised by regulators as crucial to the effective management of risk.”
“His knowledge and expertise will be invaluable in helping to translate the lessons learnt in the financial services sector to internal auditors across the private and public sectors. I am certain that he will make a substantial contribution to developing the profession as it faces important new challenges and responsibilities on issues like organisational culture.”
Adds Mark Carawan: “The Institute has made great strides in the last few years and the profession has never had a higher profile. With this profile comes higher expectations; from business, regulators and the public.”
“I am looking forward to contributing to the institute’s vision for the profession and engaging with members across the UK and Ireland, so that the institute’s members become not only great auditors, but effective agents of change in the organisations they serve.”