Citigroup says president Jamie Forese, considered potential successor to CEO, is retiring [CNBC]
Citigroup, Inc. (C)
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Source: CNBC
Citigroup says president Jamie Forese, considered potential successor to CEO, is retiring Bryan van der Beek | Bloomberg | Getty Images Jamie Forese, President of Citigroup Inc. and head of the institutional clients group, speaks at the Milken Institute Asia Summit in Singapore, on Friday, Sept. 19, 2014. Chief executive officers, senior government officials and leading figures in the global capital markets convened at the global conference's inaugural summit in Asia. Forese, who had been considered a possible successor to CEO Michael Corbat, is one of the longest serving executives at Citi. He also served as head of the bank's Institutional Clients Group (ICG), which brought in about half of Citi's revenue "Jamie has played a critical role in cultivating a client-centric mindset across the firm and driving tangible changes to make it easier for our clients to do business with us," Corbat said in the memo. "While I am pleased Jamie will always be an advisor to us, his daily leadership
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