Citigroup to split Institutional Clients Group’s ops, tech units

citigroup to split institutional clients groups ops tech units

Sumary of Citigroup to split Institutional Clients Group’s ops, tech units:

  • The reorganization plan for the unit that houses banking, markets, securities services among others was shared by the bank in an internal memo by unit Chief Executive Paco Ybarra on Wednesday.
  • The operations and technology teams “will continue to work closely with our businesses to develop innovative solutions that make it simpler for our clients to work with us,” Ybarra said in the memo.

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