![]() ![]() With Selva's promotion to the lead US role, Gonzalo Luchetti, currently head of Asia Pacific Retail Banking, will serve as interim head of Asia consumer.Ĭiti's GCB 2017 revenue of $32.7 billion was largely flat from two years prior, while net income plummeted 37% from that period. The restructuring will come with two new roles: The bank, the fourth-largest in the US by assets, announced Monday several changes in the top rungs of management within its Global Consumer Banking division in an effort to "align our structure with our strategy," Stephen Bird, the CEO of the division, wrote in a memo viewed by Business Insider.Ĭiti's consumer operation in the US, which has lagged behind competitors in terms of profitability and share of deposits, is moving to a regional model - which is how its retail operations in Mexico and Asia are currently organized. Citi's consumer bank has struggled to keep up with the profitability and deposit share of competitors.Ĭitigroup is shaking up its $33 billion consumer banking unit.Citi veterans Anand Selva and David Chubak are taking on new senior roles as part of the reorg, while Jud Linville, global head of cards and consumer services, is leaving the firm.Stephen Bird, CEO of the GCB, announced Monday a structural reorganization focused on Citi's US consumer operation. ![]() Citigroup is shaking up its $33 billion Global Consumer Banking division.Account icon An icon in the shape of a person's head and shoulders. ![]()
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