Citigroup Global Consumer Business Announces Management Structure.NEW YORK--(BUSINESS WIRE)--Oct. 13, 1998--The organization of Citigroup Inc.'s Global Consumer Business was announced today by the joint heads of the business, William I William I, king of England William I or William the Conqueror, 1027?–1087, king of England (1066–87). Earnest and resourceful, William was not only one of the greatest of English monarchs but a pivotal figure in European . Campbell and Robert I Robert I, duke of Normandy Robert I (Robert the Magnificent), d. 1035, duke of Normandy (1027–35); father of William the Conqueror. He is often identified with the legendary Robert the Devil. . Lipp. Campbell said: "The vision for our global consumer business remains intact. Our ability to deliver the full-range of financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. that our customers need is greatly enhanced by the melding of these units. We see great opportunities for cross-marketing products in our U.S. customer channels and for expanding our product range in international markets." Lipp said: "We believe this team brings proven management skills to the task of accelerating the integration of our businesses and will help us achieve higher levels of execution. It draws on the skills and energy in both predecessor companies to serve customers more effectively that ever before." The Global Consumer Business outside the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. will continue to be managed by Alvaro A.C. de Souza in Latin America, Simon Williams in Asia and Dinny Devitre in Europe, Middle East and Africa. They will be responsible for Citibank's consumer business and coordinating the expansion of products and services of the various former Travelers businesses in their areas. The U.S. business will be organized into four sections and appointed heads drawn from a variety of organizations and backgrounds to bring fresh skills and experience in sales, execution and marketing to key posts. The groups are: Consumer Lending, headed by Robert B. Willumstad Robert B. Willumstad is the Chairman of the American International Group. He was formerly vice chairman of Citigroup. He left Citigroup in July 2005. Citigroup • • , consisting of Bankcards under Sami Saddiqui; Consumer Assets (car loans, mortgages, student loans, other loans) under Carl E. Levinson; Commercial Credit (consumer finance) under Marge Magner; Merchant Card Services under Denis Denis, king of Portugal: see Diniz. Calvert; and Diners Club charge cards under William H. Friesell. Direct/Sales & Distribution, headed by Joseph J. Plumeri II, consisting of Primerica Financial Services Primerica Financial Services, a wholly owned subsidiary of Citigroup, is a multi-level marketing[1] company headquartered in Duluth, Georgia. It is the largest financial services marketing organization in North America, with more than 100,000 licensed independent , which continues under Plumeri; Citibanking (retail banking system) under Stephen J. Liguori; and Citicorp Investment Services under Barbara H. Fraser. Affluent Market, headed by Michael A. Carpenter, integrating the current activities of Citibank and Travelers Life & Annuity, with Shaukat Aziz continuing to head the Citibank Private Bank and J. Eric Daniels becoming head of Travelers Life & Annuity, reporting to Carpenter. In addition, Travelers Property Casualty Corp. (NYSE NYSE See: New York Stock Exchange :TAP) headed by Jay S. Fishman, named Bob Khanna head of the Personal Lines business, replacing Jon C. Madonna Jon C. Madonna, retired, was most recently chairman and chief executive officer of KPMG (a professional services firm), in New York City. He was with KPMG for 28 years, where he held numerous senior leadership positions throughout his career, including chairman from 1990 to 1996. , who has decided to leave the company. Also announced were these other key positions in the Global Consumer Business: Kevin Newman, head of Global Delivery Brian Ruder, head of Global Marketing James R. Stojak, head of Global Fulfillment Barbara Yastine, Chief Administrative Officer A chief administrative officer (CAO) is responsible for administrative management of private, public or governmental corporations. The CAO is one of the highest ranking members of an organization, managing daily operations and usually reporting directly to the chief executive , responsible for finance, treasury and merger and acquisitions, with Michael R. Dunn as Chief Financial Officer and David W. Young as Treasurer Marcela Perez de Alonso, head of Global Human Resources Marge Magner, head of Risk Management George Ross, head of Global Assets/Liability Michael Ross and Kate Sullivan, Co-General Counsels Citigroup Inc., formed on Oct. 8, 1998 by the merger of Citicorp and Travelers Group Inc., consists of businesses that produce a broad range of financial services -- asset management, banking and consumer finance, credit and charge cards, insurance, investments, investment banking and trading -- and use diverse channels to make them available to consumer and corporate customers around the world. Among its businesses are Citibank, Commercial Credit, Primerica Financial Services, Salomon Smith Barney, Salomon Smith Barney Asset Management, Travelers Life & Annuity, and Travelers Property Casualty. |
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