Citi CEO Mike Corbat today announced the roles and responsibilities of the members of his management team and appointed Jamie Forese and Manuel Medina-Mora as Co-Presidents of Citi. Mr. Forese will be responsible for all of Citi’s Institutional businesses, and Mr. Medina-Mora will continue to oversee Global Consumer Banking and Citi’s franchise in Mexico.

The Operations & Technology functions supporting the Institutional and Consumer businesses will now directly report to Mr. Forese and Mr. Medina-Mora, respectively, to better align the functions with the priorities of each business and improve efficiency.

Below are the team member roles

• Jamie Forese and Manuel Medina-Mora will become Co-Presidents. Jamie will now be responsible for each of citi’s Institutional businesses and Manuel will continue to oversee Global Consumer Banking and franchise in Mexico. Manuel and Jamie have both been part of Citi and its predecessor companies for their entire careers.
• Operations & Technology is reorganized. The divisions supporting the Institutional and Consumer businesses will now report to Jamie and Manuel, respectively, while working closely with Don Callahan. This change is to better align the priorities and strengthen accountability between client-facing businesses and their support function as Citi continues its efforts to become a fully digital bank and improve efficiency through the organization. As Head of O&T, Don will continue to directly manage Enterprise O&T function and be responsible for all shared infrastructure and for ensuring systems are regulatory-compliant.
• Jim Cowles will become CEO of Europe, the Middle East and Africa. Jim is a Citi veteran who has spent much of his career in EMEA and has worked with Mike Corbat very closely last year
• Bill Mills, in addition to serving as CEO of North America, will now oversee Community Development as well as International Franchise Management, in which role he will have responsibility for corporate governance in 101 countries.
• Francisco Aristeguieta, CEO of Latin America, and Stephen Bird, CEO of Asia Pacific, will continue in their current roles as we execute a strategy that leverages citi’s unique footprint in the emerging markets.
• John Gerspach will continue to be Chief Financial Officer, and will spearhead Expense Management, Enterprise Payments and Citi Ventures initiatives as well.
• Brian Leach will be taking on responsibility for additional functions which safeguard Citi’s license to do business. As Head of Franchise Risk and Strategy, he will now oversee Audit, Compliance and Strategy. Brad Hu, currently Head of Risk for Asia Pacific, will become Citi’s Chief Risk Officer and report to Brian.
• Gene McQuade will continue to serve as CEO of Citibank, N.A., while overseeing Citi Holdings and Japan.
• Ed Skyler, Head of Public Affairs, will oversee the Citi Foundation in addition to his current responsibilities, which include Branding & Sponsorships, Communications, and Government Affairs.
• Paul McKinnon, Head of Human Resources, and Rohan Weerasinghe, General Counsel and Corporate Secretary, will both continue to serve in their respective positions.
• Sara Wechter will serve as Chief of Staff.
• Vice Chairman Lew Kaden after more than seven years with the firm, plans to retire in the coming weeks. Lew, who was previously Chief Administrative Officer, helped guide Citi through some difficult times, while strengthening its relationships with clients and governments.