US banking giant Citigroup has shuffled its executive team following the retirement announcement of its consumer banking head Manuel Medina-Mora.
The lender has named Stephen Bird as replacement for Medina-Mora in the role of global consumer bank head, with effect from 1 June.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
Bird, who had a 17 year stint with the bank, is the CEO of Citigroup’s Asia Pacific unit. In the new role, he will be based in New York.
Medina-Mora, who is set to retire in June, will remain as a nonexecutive chairman of Banamex. The group has also named its Latin America CEO Francisco Aristeguieta as replacement for Bird Asia-Pacific head role.
Aristeguieta, who has been serving Citigroup for 21 years, will be based in Hong Kong in the new capacity.
Citigroup’s US retail, commercial banking and global mortgage business head Jane Fraser will succeed Aristeguieta and will be based in Miami.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataFraser will remain as a member of the bank’s operating committee, reporting to CEO Michael Corbat.
Bird will announce a successor for Fraser after he takes over his new role.
