Stephen Bird is putting his stamp on Citi’s Asia business. The CEO, who took on the sole title on January 1, announced a restructuring plan of upper management in an internal memo yesterday, in a move that restructures the business to support one CEO, with promotions for some of the bank’s business leaders in Asia.
The changes will also reduce the amount of time Bird spends on conference calls to upper management, freeing him to spend more time with clients and actually running the largest region for Citi globally. Under the old co-CEO structure, with Bird running North Asia and his former co-CEO who is now chairman of...
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