Citigroup Inc. (NYSE:C) is planning to appoint Kazuya Jono as the head of its Japanese unit.
Citigroup Inc. Has New Japan Head In Sights
It has been reported that the US bank Citigroup Inc. (NYSE:C) will appoint Kazuya Jono as the president of its Japanese unit after the unit faced various regulatory sanctions in the country.
Regulators asked the bank to appoint a Japanese executive to run the business.
Jono, who was the managing director of Sumitomo Mitsui Banking Corp, will assume the new role in June.
Citigroup Inc. (NYSE:C) has also selected Peter Eliot as the president of Citigroup Japan Holdings Group and he will also take up the new responsibility in June. Eliot was the acting president and chief executive of the banking unit.
Citigroup Inc. (NYSE:C) stocks are currently standing at 36.78.