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Andrew has almost 30 years’ experience in the financial services industry and has been at Citi since 1996 where he is currently Global Head of Citi Research responsible for managing over 900 staff across 30 countries.
Andrew Pitt
Andrew Pitt
Citi

Andrew has been in a senior management role since 2004. Prior to this, he spent 13 years as an Equity analyst including for Robert Fleming Securities and Barclays de Zoete Wedd. Andrew has two degrees from Oxford University where he taught as a Lecturer at Keble College before moving to a career in financial services.

He has been shortlisted for the 2020 Champion for Women Award.

How does it feel to be nominated for this award?

I am incredibly humbled and honoured to be nominated for this award, especially given the important anniversary year that 2020 represents for WIBF and also given how many other people have done remarkable work to promote gender equality and the careers of women in the workplace.

You are on the Steering Committee of Citi Women in the UK, what does that involve?

I do believe passionately that gender equality needs male champions and I am proud to be one of only a small group of men who are on the Steering Committee of Citi Women in the UK. Our roles are to advise on where the network can have greatest impact as well as to help practically through leading events, taking part in mentoring programmes and in leveraging the resources of our own businesses to help the network. As Head of Research I seek to curate a regular flow of content-led events, not just in the UK but also globally, that celebrate the achievement of women. We had a particular success with multiple events that we curated to celebrate 100 years of female UK suffrage in 2018 which convened historians, economists and policymakers to debate how best to promote gender equality.

What advice would you give to men who would like to support women in their careers more proactively?

For any men in leadership roles, it is important to have a clear talent development plan backed up with abundant management information. As well as cascading enthusiasm and good ideas through your management team and beyond, it is also important to make others accountable for delivering positive career development. At Citi Research, our number one mission statement is to be the “Employer of Choice” for a career in bank sector research and we have set up a series of globally consistent work streams to make this a reality. As an individual, it is important to understand the challenges that many women face in developing their careers through regular conversations with female colleagues and through active participation in mentoring and sponsorship programmes. And you mustn’t just listen but also take note, follow up and make a difference. And, critically, men need to be aware of the unconscious biases that pervade the workplace in order to effectively challenge them. Training around this can be particularly effective and refreshingly enlightening.

You created and led a major research programme on gender equality at Citi, what can you tell us about that?

Some years ago I created a publicly available research series (Citi GPS) to address the major challenges and opportunities of the 21st century. A critical strand of the research is a “Women in the Economy” series which loudly makes the economic case for gender equality. A significant new report in the series is being published this year entitled “Girls in the Economy” which, in partnership with a major charity, makes the case for investing in girls’ education, health, safety and access to finance so that the world can achieve the UN Sustainable Development Goals. I lead the launch of our research and will be presenting the findings of the latest research in both Europe and the US. In addition, we are also working on several other gender economics initiatives with two separate UK think tanks. I am also heavily involved in supporting research on gender equality outside the office through an initiative at Oxford University which has brought together female academics across disciplines and which has supported female researchers via grants. This initiative has now developed into a major university-wide research programme that will launch in the autumn of 2020 and to which I shall be an adviser.

What career ambitions or achievements do you have?

I started my career as an academic before moving into financial services research. I feel incredibly lucky to have spent 30 years with research forming the core of my job and to have been able to build a network of public and private sector research contacts and partners. My role at Citi now allows me to create research that can be used with all areas of business and society and to bring together specialists from very different backgrounds to try to solve some of society’s greatest challenges. I want to continue leading this effort and there is no shortage of work to be done. Understanding what the world will look like post COVID-19 should keep me busy with research projects for the foreseeable future!

If you could holiday for a month anywhere in world, where would you go and why?

I think that we would all settle for any form of holiday when we are through the worst of COVID-19. I am lucky, largely because of my job, to have visited over 50 countries so I don’t have an extensive bucket list of exotic locations to visit if I had more time on my hands. I have deep interests in history and the arts and I have always wanted to have the time to properly visit the major cultural centres of Europe. Some of these are in northern Europe, but a month in Spain visiting smaller ancient cities would be a great treat. I would visit towns such as Salamanca, Avila, Segovia and Toledo while hopefully getting some sun and enjoying good wine while on the journey.