Citigroup faucets insider Titi Cole to steer legacy franchises – memo

A Citibank signal is seen exterior of a financial institution outlet in New York March 4, 2009. REUTERS/Lucas Jackson

Feb 28 (Reuters) – Citigroup Inc (C.N) named Titi Cole because the chief government officer of its legacy franchises section, primarily consisting of the buyer companies that the financial institution’s set to exit quickly, in accordance with an inside memo seen by Reuters.

Cole is a veteran within the banking business with almost 30 years of expertise and has beforehand labored at Wells Fargo and Financial institution of America (BAC.N), the memo from Citi Chief Government Officer Jane Fraser mentioned.

Cole joined Citigroup in 2020 as the top of world operations and fraud prevention within the financial institution’s World Shopper Banking (GCB) section. She can be the unit’s chief consumer officer.

The appointment is efficient instantly, the financial institution mentioned.

Reporting by Niket Nishant in Bengaluru and David Henry in New York; Modifying by Shinjini Ganguli

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