It’s a new world on Wall Street and banks are looking for leaders who can handle the unfamiliar territory.

• The new financial regulation measures deter banks from trading simply for their own benefit and push them to focus on riskier investments that directly serve customers.
• As a result, choosing the head of an investment bank can no longer be based solely upon a person’s level of financial success and leadership skills.
• Chief executives of banks must also be astute risk managers who can handle varying business lines.

Facts & Figures

• Citi is scaling back trading and expanding advisory business.

Tags: financial regulation, investment, investment banks, trading, Wall Street