Citigroup Shuffles Top Ranks

April 14, 2015 1:39 AM

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Citigroup Inc.'s chief executive shuffled top management across three continents Monday, appointing a clear No. 2 and naming a rising star to head the bank's consumer unit.

The moves by Michael Corbat, which also include naming new heads of Asia and Latin America, mark the rise of a younger generation of executives at Citigroup, a firm that has seen more management turmoil than any large U.S. bank in the past decade.

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