Citigroup Names Forese and Medina-Mora as Co-Presidents (C)

Citigroup Names Forese and Medina-Mora as Co-Presidents

Citigroup (NYSE: C ) CEO Michael Corbat has named a pair of company executives, Jamie Forese and Manuel Medina-Mora, as co-presidents, the bank announced today. Forese will be responsible for the company's institutional business, while Medina-Mora's purview will be its global consumer banking operations and the bank's franchise in Mexico.

Both men have worked for either Citigroup or a predecessor firm for the entirety of their careers.

Additionally, Corbat appointed executives to head several of the bank's major divisions. These include Jim Cowles, who will be CEO of the Europe, Middle East and Africa region, and Brian Leach, the new head of franchise risk and strategy. The bank also announced that Vice Chairman Lew Kaden plans to retire after more than seven years with the firm.

Corbat was tapped to be CEO of Citigroup last October following the departure of Vikram Pandit.

link

Jeff Fischer and team have demystified options. And they can rack up income like $1,030... $2,626... and $3,228 on a schedule you can set your watch by!
That's why we're glad to announce every single one of their closely guarded strategies is available to YOU during May and June – 100% FREE, no strings attached! Just enter your email address in the box below...

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment icon found on every comment.