SUSAN KENDALL BECOMES THE CHIEF FINANCIAL OFFICER OF CITIGROUP’S CONSUMER BANKING UNIT

Citigroup Inc has announced that its investor relations head, Susan Kendall, will become a chief financial officer of its consumer banking unit.    

Tectono Business Review gathered that Susan Kendall, who has been with the bank for a decade, joins Citi’s Global Consumer Bank at a time when the business was trying to jump-start domestic growth.

 “We are pleased to welcome her to the team as momentum continues to build in the Global Consumer Bank,” said the chief executive officer of the Global Consumer Bank, Stephen Bird, in a statement.

Revenues from consumer banking, Citi’s largest business, is flat in the most recent quarter as deposits grew faster abroad than in the United States. Excluding the impact of a divestiture, revenues grew four per cent on a constant dollar basis.

According to the company, the change would be effective June 15 and a search for a new investor relations leader will be underway shortly. In her new role Kendall will report directly to Mark Mason, Citigroup’s chief financial officer. Elizabeth Lynn will serve as interim head of investor relations.