Pandit unveils new Citi line-up, based on regions
Vikram Pandit, Citigroup’s new chief executive, this week announced the bank would be reorganised to give regional heads greater powers. Citi said the new structure would bring decision-making closer to regional clients.
Four geographic areas will have their own combined corporate and consumer business unit, each headed by a chief executive who reports directly to Pandit. The new chief executives start next week.
Ajay Banga, head of international consumer business in New York, will be in charge of Asia
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