Citigroup Inc. has named the former chief executive of its
Citibank unit, Eugene M. McQuade, to its board.
Mr. McQuade served for just over a year as Citigroup vice
chairman before retiring in May. Also in May, he was named chairman
of insurance and reinsurance company XL Group PLC.
In 2014, Citigroup Chief Executive Michael Corbat asked Mr.
McQuade to delay his retirement to work on the bank's efforts to
pass the Federal Reserve's annual stress test.
Citigroup Chairman Michael E. O'Neill said in a statement Monday
that "not only does Gene bring a wealth of expertise from his deep
experience in banking, but he also offers continuity of knowledge
in the capital planning process which has become so central to our
business planning."
Write to Josh Beckerman at josh.beckerman@wsj.com
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