Deals & People January 7, 2013

Citi Separates Institutional, Consumer Leadership

Citigroup Chief Executive Michael Corbat appointed Jamie Forese and Manuel Medina-Mora as co-presidents of Citi.
Reported by

Forese will be responsible for all of Citi’s institutional businesses, and Medina-Mora will continue to oversee global consumer banking and Citi’s franchise in Mexico. The operations and technology functions supporting the institutional and consumer businesses will now directly report to Forese and Medina-Mora, respectively, to better align the functions with the priorities of each business and improve efficiency, Citi said.  

Jim Cowles will become chief executive 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, the head of risk for the Asia Pacific region, will become Citi’s chief risk officer and will report to Leach.

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Deals & People January 7, 2013

ERISA Fiduciary Hires Client Services Director

Jorge Martinez-Fonts joined ERISA Fiduciary Advisors (EFA) as director of client services.
Reported by

Martinez-Fonts will focus on developing and implementing EFA’s education and participant advice program. “The addition of Jorge to our staff will ensure that more participants have the ability to meet individually for advice as well as to have their retirement plan questions answered both in English and Spanish,” said Tom Bastin, founder of EFA.  

Martinez-Fonts brings more than three decades of retirement plan experience to the EFA team. His past experience comes from Principal Financial Group and StanCorp Equities, Inc.

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