[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.