Casper von Koskull
CITIGROUPAbout Casper W. von Koskull
Casper W. von Koskull (age 64) has served as an independent director of Citigroup Inc. since 2023. He is the former President and Group Chief Executive Officer of Nordea Bank Abp and brings 35+ years of international banking and capital markets experience, including senior roles at Goldman Sachs and UBS . He is independent under Citi’s guidelines and NYSE rules .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Nordea Bank Abp | President & Group Chief Executive Officer | 2015–2019 | Led a large, regulated European bank; regulatory engagement and risk oversight experience |
| Nordea Bank Abp | EVP & Head, Wholesale Banking | 2011–2015 | Institutional banking leadership across geographies |
| Nordea Bank Abp | EVP & Head, Corporate Merchant Banking & Capital Markets | 2010–2011 | Capital markets leadership |
| Goldman Sachs International | MD & Partner; Head, Nordic Investment Banking | 2006–2010 | Nordic coverage leadership; M&A and ECM/DCM execution |
| Goldman Sachs International | Head, European Technology Banking | 2002–2006 | Sector leadership across Europe |
| Goldman Sachs International | MD, Nordic M&A | 1998–2002 | Nordic M&A execution |
| UBS AG | MD, Nordic Investment Banking | 1994–1998 | Nordic coverage leadership |
| Citibank | Head, Derivatives Marketing & Structuring (German Corporate Clients) | 1992–1994 | Derivatives and risk management expertise |
External Roles
| Organization | Role | Tenure | Notes/Impact |
|---|---|---|---|
| European Business Leaders’ Convention | Chair | Not disclosed | European corporate/public policy network leadership |
| Advancement of Finnish Securities Markets | Board Member | Not disclosed | Industry advocacy; market development |
| Citigroup Global Markets Limited (CGML) | Board Member (Citi subsidiary) | Current | International subsidiary board service |
| Other Public Company Directorships | None | — | No current or recent (last five years) public company boards |
Board Governance
| Item | Details |
|---|---|
| Independence | Board determined von Koskull is independent under Citi’s Guidelines and NYSE rules |
| Citi Board Committees | Compensation, Performance Management & Culture (member); Nomination, Governance & Public Affairs (member); Risk Management (member) |
| Committee Chair Roles | None (chairs: CPC—Hennes; NGP—Taylor; Risk—Hennes; Audit—Turley; Technology—James) |
| Transformation Oversight | All non-management directors serve on the Transformation Oversight Committee; board-level oversight of Consent Orders and risk/control transformation |
| Attendance | Board met 26x in 2024; CPC 15x; NGP 7x; Risk 16x. Each incumbent director attended ≥75% of board and assigned committee meetings in 2024 |
| Executive Sessions | Non-management directors met in executive session at each regular board meeting; chaired by the independent Chair |
| Years of Service | Director since 2023 |
Fixed Compensation
| Component | 2024 Amount | Notes |
|---|---|---|
| Annual Cash Retainer | $75,000 | Standard non-employee director retainer |
| Deferred Stock Award (annual) | $150,000 | Generally granted in early January; distributable ~1 year after grant; directors may elect additional deferral |
| Committee Fees (Citi Board) | $30,000 member / $50,000 chair per committee | Applies to Audit, CPC, NGP, Risk, Tech; payable in cash or stock at director election |
| Citibank, N.A. Board Fees (if serving) | $25,000 member / $35,000 chair | Not applicable to von Koskull (not listed as Citibank, N.A. director) |
| 2024 Total (von Koskull) | $430,000 | $280,000 fees in cash + $150,000 stock award |
| Fees paid currently in cash (von Koskull) | $280,000 | No deferral election indicated for fees |
| 2024 Deferred Stock Award granted (# shares) (von Koskull) | 2,922 | Grant date fair value $150,000; Jan 2, 2024 grant |
Performance Compensation
Directors are not paid performance-based bonuses; director equity is delivered as deferred stock (time-based), not PSUs/options with performance metrics. The 2019 Stock Incentive Plan permits various award types, but director equity is delivered as deferred stock with time-based distribution; plan caps limit director awards to ≤$1 million in value (including cash fees) unless the Board approves an exception for the non-executive Chair .
| Performance Element | Applicable to Directors? | Detail |
|---|---|---|
| Annual bonus tied to financial/TSR metrics | No | Not part of non-employee director pay |
| Equity with performance conditions (PSUs) | No | Director equity delivered as deferred stock (time-based) |
| Plan limits | Yes | Director awards + cash fees ≤ $1 million per year (exception possible for Chair) |
Other Directorships & Interlocks
| Category | Detail |
|---|---|
| Current Public Company Boards | None |
| Prior 5-Year Public Company Boards | None |
| Compensation Committee Interlocks | None in 2024; no Citi execs served on others’ comp committees |
| Subsidiary/International Boards | Board member, Citigroup Global Markets Limited (CGML) |
Expertise & Qualifications
- International banking and regulatory experience as former CEO of Nordea; deep risk and compliance background across EU/UK .
- Financial services and risk management expertise; prior derivatives/structuring and investment banking roles at Citi, UBS, and Goldman Sachs .
- Sustainability exposure through European private boards; supports oversight of Citi’s net-zero and sustainability initiatives .
Equity Ownership
| Ownership Item | Amount | Notes |
|---|---|---|
| Common Stock Beneficially Owned (excl. options) | 8,886 | As of March 3, 2025 |
| Options Exercisable (60 days) | 0 | As of March 3, 2025 |
| “Receipt Deferred” shares (beneficial table) | 2,117 | Director deferred common stock; becomes distributable ~1 year after grant |
| Total Beneficial Ownership (per table) | 8,886 | As of March 3, 2025 |
| Total Ownership (Section 16 reporting) | 11,003 | Includes “Receipt Deferred” balance |
| Aggregate Deferred Stock Outstanding at 12/31/2024 | 3,023 | Separate disclosure of deferred stock balances at year-end 2024 |
| Ownership as % of Shares Outstanding | <1% | Each director <1%; directors + officers as a group ~0.08% |
| Stock Ownership Commitment | Must retain 75% of equity awarded while serving on the Board | |
| Hedging/Pledging | Prohibited for directors and executive officers |
Governance Assessment
- Board effectiveness: Brings credible CEO-level banking experience and EU regulatory fluency to CPC, NGP, and Risk—highly relevant to Citi’s ongoing risk/control transformation and international operations .
- Independence and attendance: Classified as independent; incumbent directors (including von Koskull) met the ≥75% attendance expectation in 2024, supporting engagement and oversight quality .
- Pay alignment: Director pay program is primarily equity-based with required stock retention (75% of equity awards), bolstering alignment; von Koskull’s 2024 mix ($280k cash fees; $150k deferred stock) is within peer norms and under Citi plan caps .
- Conflicts/related-party risk: No related-party transactions or legal proceedings disclosed involving von Koskull; Citi bars director hedging/pledging and subjects related-party matters to NGP oversight—mitigating conflict risk .
- RED FLAGS: None disclosed—no attendance shortfalls, interlocks, related-party transactions, hedging/pledging, or legal proceedings involving the director in 2024 .