Citigroup, Inc. announced that it has appointed Jamie Forese and Manuel Medina-Mora as Co-Presidents of Citi. Mr. Forese will be responsible for all of Citi's Institutional businesses, and Mr. Medina-Mora will continue to oversee Global Consumer Banking and Citi's franchise in Mexico. The Operations & Technology functions supporting the Institutional and Consumer businesses will directly report to Mr. Forese and Mr. Medina-Mora, respectively, to better align the functions with the priorities of each business and improve efficiency.

Corbat also The comany also announced that Jim Cowles will become Chief Executive Officer of Citi's Europe, Middle East and Africa (EMEA) region. Brian Leach has been appointed Head of Franchise Risk and Strategy and will be responsible for Citi's Audit, Compliance, Corporate Policy and Strategy functions in addition to Risk Management. Brad Hu, currently Head of Risk for the Asia Pacific region, will become Citi's Chief Risk Officer and will report to Mr. Leach.

Brian Leach will be taking on responsibility for additional functions which safeguard Citi's license to do business. As Head of Franchise Risk and Strategy, Brian will now oversee Audit, Compliance and Strategy. Brad Hu, currently Head of Risk for Asia Pacific, will become Citi's Chief Risk Officer and report to Brian.

Vice Chairman Lew Kaden has informed that, after more than seven years with the firm, plans to retire in the coming weeks. Lew, who was previously Chief Administrative Officer, helped guide Citi through some difficult times, while strengthening relationships with clients and governments.