Citigroup names Asia Pacific chief Bird to head global consumer bank
[NEW YORK] Citigroup named Stephen Bird, its chief executive for Asia Pacific to be the new head of its global consumer bank, according to a memo from CEO Mike Corbat to employees on Monday.
Mr Bird will replace Manuel Medina-Mora, who had said earlier this year that he would retire. Mr Bird's job will be filled by the current CEO for Latin America, Francisco Aristeguieta, the memo said.
Jane Fraser, currently head of the US consumer bank, will take Aristeguieta's post and will be based in Miami. Citigroup's CEO for Mexico, Ernesto Torres Cantu, will report to Ms Fraser.
The changes will be effective June 1, the memo said.
REUTERS
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Banking & Finance
US seeks 36 months’ jail for Binance founder Zhao
Keppel’s Q1 revenue down 6.3% to S$1.5 billion; net profit up with exclusion of legacy O&M assets
JPMorgan talking with investors about two synthetic risk transfers
HSBC says growing Chinese wealth fuels client investments in US
Money laundering accused Su Baolin to plead guilty after being handed 3 more charges
UBS flags 'serious' concern about new Swiss capital requirements