By Reuters Staff
1 Min Read
FILE PHOTO: The logo of Citi bank is pictured at an exhibition hall in Bangkok, Thailand, May 12, 2016. REUTERS/Athit Perawongmetha
(Reuters) - Citigroup Inc’s General Counsel Rohan Weerasinghe will retire from the bank after nearly a decade in the role, Chief Executive Officer Jane Fraser told staff on Tuesday, according to a memo seen by Reuters.
Weerasinghe will retire by the end of this year and Citi will consider both internal as well as external candidates for his replacement, the memo said.
“Rohan joined Citi in 2012, just as we were emerging from the financial crisis. He helped steer us through a difficult period of post-crisis litigation,” Fraser said.
Citigroup considering divesting some Asia-Pacific consumer units
February 22, 2021 | 12:03 am
CITIGROUP, INC. is weighing divesting certain retail banking units in the Asia-Pacific Region, including those in South Korea, Thailand, the Philippines and Australia. REUTERS
CITIGROUP, INC. is studying options for slimming down the firm’s sprawling international consumer operations as part of incoming Chief Executive Officer Jane Fraser’s efforts to simplify the bank.
The company is weighing divesting certain units across retail banking in the Asia-Pacific region, including those in South Korea, Thailand, the Philippines and Australia, according to people familiar with the matter. No decisions have been made, any divestitures could be spaced out over time and the New York-based firm could ultimately decide to keep all its existing international operations, said the people, who asked not to be identified discussing internal deliberations.
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