NU Online News Service, Jan. 19, 2005, 3:48 p.m. EST

The insurance arm of Citigroup Inc., New York, has hired a sales executive.[@@]

The Citigroup unit, Travelers Life & Annuity, says Bill Fife will be national vice president of sales for its bank channel.

Fife previously was a senior vice president at Penn Mutual Life Insurance Company, Philadelphia, where he helped run Penn Mutual’s Independence Financial Network.

Fife has a bachelor’s degree from the University of Idaho. He holds the Chartered Life Underwriter professional designation.