Mark Mason is Citi’s chief financial officer and one of Wall Street’s highest-ranking Black executives. In the past year, the company has committed over $1 billion to tackle the racial wealth gap in banking and credit, housing and entrepreneurship. Mason joins Washington Post opinions writer Jonathan Capehart to discuss the initiatives and corporate America’s role in addressing systemic racism.

Highlights

Mark Mason says much more needs to be done throughout corporations, from board and management representation to recruiting. “What grade would I give the financial services industry or corporate America in terms of generally making progress as it relates to diversity? It would be somewhere around a D… I think there’s a lot of work that we need to do in corporate America, in financial services, in terms of making progress on that front. And that work ranges from: board representation, it ranges to senior management representation. And straight through recruiting on the front end.” (Washington Post Live)
Mark Mason says he felt compelled to speak out after George Floyd’s murder to acknowledge how it was impacting Citi employees, and to use the moment to take action. “I’ve often asked myself and my colleagues as we’ve seen these incidents occur over time, if this doesn’t compel us to speak than what will?… It was important I think to speak out, 1. to represent that Citi and the leadership team was aware of what was going on and the impact it’s having on our employees, but 2. That we wanted to actually roll up our sleeves and take action: action in the way of building greater awareness and ensuring people become educated in the history of a lot of this and action that can actually drive change.” (Washington Post Live)
Mark Mason said the “injustice” in George Floyd’s murder was so “blatantly obvious and hard to avoid” that it compelled corporate America to respond. “We just recently acknowledged the one-year anniversary so to speak of the horrific George Floyd murder, and we can all think back to where we were when that occurred and the impact that it had really across the world. And in many ways, it’s that impact–and it’s unfortunately not that it was a new type of event–but one that made it blatantly obvious and hard to avoid, and unfortunately it’s that impact that in some ways served as a catalyst for many corporations around the world and certainly here in the U.S. to take a more proactive action… to try and drive change in this area.” (Washington Post Live)

Mark Mason

Provided by representatives with Citi.

Mark Mason was named Chief Financial Officer of Citi in February 2019. He is responsible for the financial management of the company and also spearheads Citi’s Expense Management and Citi Ventures Initiatives. Prior to being named Citi CFO, Mr. Mason served as CFO of Citi’s Institutional Clients Group (ICG) and was the executive responsible for Citi’s Comprehensive Capital Analysis and Review (CCAR) submission process.

Mr. Mason joined Citi in 2001 and has held several senior operational, strategic, and financial executive positions, including CEO of Citi Private Bank, CEO of Citi Holdings and CFO and Head of Strategy and M&A for Citi’s Global Wealth Management Division.

Prior to his tenure at Citi, Mr. Mason was Director of Strategy and Business Development with Lucent Technologies. He also spent several years as Strategy Consultant with Marakon Associates, working with a number of Fortune 100 companies to develop strategies to maximize shareholder value. Mr. Mason also has investment banking experience with Goldman, Sachs & Co.

Mr. Mason has been a Director of Primerica, Inc. since March 2010. He serves as a Trustee of Howard University where he received a BBA in Finance and graduated with honors. He also holds an MBA from Harvard Business School.

Mr. Mason resides in New Jersey with his wife and two children.