Citigroup Inc. (C) announced the appointment of Jamie Forese and Manuel Medina-Mora as Co-Presidents. 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.
Citi also announced the roles and responsibilities of the members of its management team. Jim Cowles will become Chief Executive Officer of Citi's Europe, Middle East and Africa 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.
Bill Mills, in addition to serving as CEO of North America, will now oversee Community Development as well as International Franchise Management, in which role he will have responsibility for corporate governance in 101 countries.
Francisco Aristeguieta, CEO of Latin America, and Stephen Bird, CEO of Asia Pacific, will continue in their current roles.
John Gerspach will continue as Chief Financial Officer. He will spearhead citi's Expense Management, Enterprise Payments and Citi Ventures initiatives as well.
Gene McQuade will continue to serve as CEO of Citibank, N.A., while overseeing Citi Holdings and Japan.
Vice Chairman Lew Kaden has informed Citi that, he plans to retire in the coming weeks.
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