• inside_market_data
  • inside_reference_data
  • buy_side_technology
  • sell_side_technology

Michael Corbat, Citi's new CEO

Citi Realigns Institutional and Consumer Banking Tech Control

  • Send
  • Comment
  • Send to Kindle

As co-presidents, Jamie Forese and Manuel Medina-Mora will have immediate technology oversight as part of CEO Michael Corbat's new management structure.

In an internal memo to Citi staff, Corbat says that operations and technology (O&T) for several crucial units will report directly to the new co-presidents, both Citi veterans, to more closely tailor support functions to specific business objectives. Forese currently oversees the bank's institutional arm; Medina-Mora, meanwhile, is in charge of consumer banking as well the bank's presence in Mexico.

Both will closely consult with Citi's head of enterprise O&T, Don Callahan, who remains responsible for shared infrastructure and compliance-related matters.

"This change will better align the priorities and strengthen accountability between our client-facing businesses and their support function as we continue our efforts to become a fully digital bank and improve efficiency through the organization," Corbat says.

  • Send
  • Comment
  • Send to Kindle

More from Sell Side Technology

Sign-up for WatersTechnology email newsletters

Register for regular alerts to receive up-to-date news directly into your inbox

Related Articles

Latest Media


Visitor comments Add your comment


Add your comment

We won't publish your address

By submitting a comment you agree to abide by our Terms & Conditions Your comment will be moderated before publication

Submit your comment

Work with us on your Integrated Marketing Campaigns

Do you have bespoke research requirements?

WatersTechnology offers a full range of custom research, surveys, webcasts, video and whitepapers for firms looking to demonstrate thought-leadership through their marketing campaigns and generate sales leads.


Latest Whitepapers


A data-centric approach to portfolio management

A fast, flexible and reliable investment decision-making process must be based on access to accurate and consistent information throughout an organization....


Taking on Tablets: BYOD On The Trading Floor

We have truly entered the Age of Bring Your Own Device, or BYOD. And as with every new era fuelled by innovation, the new challenges are screaming for...