Citigroup, Inc (NYSE: C) has hired Cecelia Stewart from Morgan Stanley (NYSE: MS) as the company’s new president of its North American retail bank.
Stewart, age 52, joined Morgan Stanley (NYSE: MS) in 2008 after working with Wachovia Corp, where she became a vice president after starting out as a branch manager. Most recently, she managed Morgan Stanley (NYSE: MS)’s private bank. In her new role at Citigroup, Inc (NYSE: C), Stewart will oversee retail banking, wealth management, commercial banking, small business banking and personal banking, said the New York-based bank in a statement.
Citigroup, Inc (NYSE: C) also announced that it had hired Will Howle alongside Stewart from Wachovia, who will serve as the company’s chief operating officer of U.S. retail banking.
CEO Vikram Pandit said, “With many years of combined experience in the consumer banking industry, Cece and Will have the energy, the collaborative style and the customer focus to help drive the seamless execution of our plans for our U.S. Consumer and Commercial Banking business.”
Citigroup Inc. (Citigroup) is a global diversified financial services holding company. The Company provides consumers, corporations, governments and institutions with a range of financial products and services. As of December 31, 2009, Citigroup had approximately 200 million customer accounts and did business in more than 140 countries. Citigroup operates through two primary business segments: Citicorp, consisting of its Regional Consumer Banking (RCB) businesses and Institutional Clients Group (ICG), and Citi Holdings, consisting of its Brokerage and Asset Management (BAM), Local Consumer Lending (LCL), and Special Asset Pool (SAP). In April 2010, Barclays PLC acquired Italian credit card business of Citibank International Bank plc. In May 2010, the Company announced the creation of a new Collateral Management Services unit within its Securities and Fund Services business.
Citigroup, Inc (NYSE: C) traded up 0.88% during mid-day trading on Tuesday.
