The new global wealth division, which is being formed by combining the firm’s private bank with a unit that serves substantially less wealthy households, will be led by Citi veteran Jim O’Donnell.
The Straits Times
Citi to appoint new consumer banking head for Asia Pacific in leadership reshuffle
Mr Gonzalo Luchetti will move on to lead Citi s consumer banking unit in the United States from Feb 1.PHOTO: CITI
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In a memo to staff on Tuesday, Citigroup announced a new head of U.S. consumer banking and said that two of its other high-ranking bankers would essentially switch roles.
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Citi announced a handful of senior promotions for its consumer bank on Tuesday, according to a memo seen by Insider.
Gonzalo Luchetti, head of consumer banking in Asia Pacific and EMEA, was named head of US consumer banking, effective February 1.
David Chubak, head of US retail banking, and Craig Vallorano, head of Citi Retail Services, will swap roles, starting May 1.
The announcements come following Anand Selva taking over as CEO of Citi s global consumer banking at the start of the year. Selva replaces Jane Fraser, who will take over for Citigroup CEO Michael Corbat in February.