Rochester, NY 7/10/2009 2:59:14 AM
Late Afternoon Report - C - New Chief Financial Officer Announced by Citigroup - Sourced WhisperFromWallStreet.com
Citigroup Inc.
Late Afternoon Report - C - New Chief Financial Officer Announced by Citigroup - Sourced WhisperFromWallStreet.com
CITIGROUP INC,C
2.68 Up 0.06 (2.29%) 3:54PM ET
Citigroup Inc. announced that Edward "Ned" Kelly, previously Chief Financial Officer (CFO), will take on broader responsibilities for strategy and M&A and will become Vice Chairman of Citigroup. John Gerspach, previously the Controller and Chief Accounting Officer of Citigroup, will assume the role of CFO.
Last Trade: 2.66
Day's Range: 2.63 - 2.69
52wk Range: 0.97 - 23.50
Volume: 91,025,851
ABOUT
Citigroup Inc., doing business as Citi, provides a range of financial products and services to consumer and corporate customers. The company operates through four segments: Global Cards, Consumer Banking, Institutional Clients Group, and Global Wealth Management. The Global Cards segment offers MasterCard, VISA, Diners Club, private label, and American Express card products. The Consumer Banking segment involves in retail banking, consumer finance, real estate lending, and small and middle market commercial banking; and provides personal and auto loans, student loans, investment services, and Primerica financial services. As of December 31, 2008, it operated 7,730 branches. The Institutional Clients Group segment engages in various securities and banking activities comprising investment banking, debt and equity, lending, private equity, hedge funds, real estate, structured products, and managed funds.
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