Citi C Chief Executive Officer Michael Corbat today announced the roles and
responsibilities of the members of his management team and appointed Jamie
Forese and Manuel Medina-Mora as Co-Presidents of Citi. Mr. Forese will be
responsible for all of Citi's Institutional businesses, and Mr. Medina-Mora
will continue to oversee Global Consumer Banking and Citi's franchise in
Mexico. The Operations & Technology functions supporting the Institutional and
Consumer businesses will now directly report to Mr. Forese and Mr.
Medina-Mora, respectively, to better align the functions with the priorities
of each business and improve efficiency.
Mr. Corbat also announced that Jim Cowles will become Chief Executive Officer
of Citi's Europe, Middle East and Africa (EMEA) region. Brian Leach has been
appointed Head of Franchise Risk and Strategy and will be responsible for
Citi's Audit, Compliance, Corporate Policy and Strategy functions in addition
to Risk Management. Brad Hu, currently Head of Risk for the Asia Pacific
region, will become Citi's Chief Risk Officer and will report to Mr. Leach.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Posted In: NewsManagement
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in