Deals and People January 7, 2013
Citi Separates Institutional and Consumer Leadership
January 7, 2013 (PLANSPONSOR.com) - Citi Chief Executive Officer Michael Corbat appointed Jamie Forese and Manuel Medina-Mora as co-presidents of Citi.
Reported by PLANSPONSOR staff
Forese will be responsible for all of Citi’s institutional businesses, and 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 Forese and Medina-Mora, respectively, to better align the functions with the priorities of each business and improve efficiency, Citi said.
In addition, 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 Leach.You Might Also Like:
Products |
New Workplace Savings Accounts Spotlight Need for Emergency Savings
Transamerica is the latest retirement plan services provider to add emergency savings accounts to its stable of solutions, highlighting the...
Products |
Empower Retirement Reveals New, Shorter Name
The company says it wants to help people achieve both short- and long-term financial goals, and the name change from...
T. Rowe Price Names New CEO But Reaffirms Priorities
The firm’s CEO-to-be says the focus will remain on broadening ESG investing capabilities, transforming the retirement plan services business through...