Citigroup CEO Vikram Pandit has laid out several senior management changes, the company says.
Edward “Ned” Kelly, previously CFO, is taking on broader responsibilities for strategy and M&A and will become vice chairman of Citigroup. Kelly will work closely with Pandit, while John Gerspach, previously controller and chief accounting officer of Citi, will assume the role of CFO.
Eugene M. McQuade will join Citi as CEO of Citibank, N.A. Quade most recently served as vice chairman of Merrill Lynch and president of Merrill Lynch Banks (U.S.). Previously, he was the president and COO of Freddie Mac and served as president of Bank of America Corporation.