Citi's UK CEO Promoted in European Shake-Up -- Financial News
September 10 2019 - 10:55AM
Dow Jones News
By Paul Clarke
Of Financial News
Citigroup Inc. (C) has handed more responsibility to James
Bardrick, its U.K. chief executive, as part of a shake-up of its
European investment bank.
Under the plans, Citi's operations covering the European Union
aside from the U.K. will be brought together into a "single
cluster," according to an internal memo seen by Financial News.
The U.K. business has a more separate status, with Mr. Bardrick
now reporting directly to David Livingstone, the bank's recently
appointed European chief executive.
The shift "reflects the importance of the U.K. as a standalone
market [and] the opportunities that will be presented by the U.K.
altering its trading and commercial arrangements with the EU," Mr.
Livingstone said in the memo.
Mr. Bardrick has been handed responsibility for Citi's
operations in Israel--a move aimed at increasing ties with the U.K.
on "technology and digital disruption."
Citigroup also promoted its current head of the Middle East and
Africa, Atiq Rehman, to a role leading a new emerging markets
division for Europe, the Middle East and Africa.
Grant Carson, head of its EMEA global subsidiaries group, which
provides corporate banking to large multinational companies, will
head up its Turkey, Russia, Ukraine and Kazakhstan operations. He
will be succeeded by Serra Akcaoglu, who currently leads its Turkey
office.
Website: www.fnlondon.com
(END) Dow Jones Newswires
September 10, 2019 10:40 ET (14:40 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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