Citigroup has announced a number of changes in its management team.
Jamie Forese and Manuel Medina-Mora have been named 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.
Furthermore, Jim Cowles has been named CEO of Citi's Europe, Middle East and Africa region, while Brian Leach has been appointed head of franchise risk and strategy.
‘Citi is fortunate to have very strong leaders with the skills and experience I will rely on as we navigate the challenges and opportunities ahead,’ says Citi CEO Michael Corbat. ‘While the responsibilities of some members of my team are changing, this leadership team and management structure will ensure continuity as we carry out our goals of achieving operational excellence and delivering results to our clients and stakeholders.’