Citigroup Inc. has named James von Moltke as its treasurer, effective immediately.

Chief Financial Officer John Gerspach said in a memo Thursday that a search is under way to replace Mr. von Moltke as global head of financial planning and analysis, a post he has held since 2012.

Mr. von Moltke joined Citigroup in 2009 as head of corporate mergers and acquisitions, working on such divestitures as the spinoff of life insurance business Primerica. He was previously with Morgan Stanley.

In March, Citigroup said Treasurer Eric Aboaf was leaving to become chief financial officer of Rhode Island-based regional lender Citizens Financial Group Inc.

"James will be responsible for our continuing efforts to reshape Citi's balance sheet to optimize assets, funding, liquidity and capital in a changing economic and regulatory environment," Mr. Gerspach wrote. "He will also help drive business revenues through effective management of our net interest margin."

Write to Josh Beckerman at josh.beckerman@wsj.com

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(END) Dow Jones Newswires

September 10, 2015 18:05 ET (22:05 GMT)

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