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.
More from Sell Side Technology
Updating your subscription status
Work with us on your Integrated Marketing Campaigns
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.
A fast, flexible and reliable investment decision-making process must be based on access to accurate and consistent information throughout an organization....
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...