Citigroup to replace it Japan CEO

Note: This section contains information in English only.
Source: Bloomberg
Citigroup is considering to replace its Japanese division CEO Darren Buckley in forthcoming month, said 2 officials familiar with situation. Buckley is expected to resign after the Citibank Japan has been penalized by Financial Services Agency for inappropriately explaining product risk exposure to retail clients. The bank has received punishment for the 3rd time in 7 years. Citigroup is looking for a Japanese origin to become CEO to assure person has knowledge of local rules and markets.
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Fri, 02 Dec 2011 07:09:59 GMT

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