HONG KONG (Reuters) - Citigroup, the largest U.S. bank struggling to recover from the credit crunch, tapped Nick Roe to be Head of Global Prime Finance, according to a company memo obtained by Reuters.
Roe, who started with the bank in 2005, will remain based in London and report to Steve Bowman, Citi's head of hedge fund services.
The memo said Ali Hackett and Tom Tesauro, the previous leaders of the Global Prime Finance group, will leave Citi.
The Wall Street Journal reported on Friday that Citi plans to hire an outsider to take over its flagging U.S. consumer business.
Terri Dial, who runs Lloyds TSB Group Plc's
(Reporting by Saeed Azhar and Michael Flaherty, Editing by Ken Wills)
© Reuters Limited. All Rights Reserved.
Reproduction or redistribution of Reuters content, including framing or similar means, is expressly prohibited without the prior written consent of Reuters. Reuters shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.
