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Citigroup Names Citibank Chairman

New York–based multinational financial services corporation Citigroup has named incumbent director Michael O’Neill as chairman of its primary banking subsidiary Citibank.

    New York–based multinational financial services corporationCitigrouphas named incumbent directorMichael O’Neillas chairman of its primary banking subsidiaryCitibank,The Wall Street Journalreports. O’Neill takes up his new responsibilities fromJerry Grundhofer, who left the board early this year to join the board ofSantander Holdings USA, the U.S. subsidiary ofBanco Santanderof Madrid.

    A risk and return expert, O’Neill has previously worked at financial services providerBarclaysas CEO and at Honolulu-basedBank of Hawaii Corp.as chairman and CEO. He has also served atContinental BankandBank of America Corp.

    Click here for the story fromThe Wall Street Journal.

    Click here for additional coverage fromBloomberg.

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