Citi's Krawcheck to head wealth managementShifting from chief financial officer, she will head unit that includes Smith Barney, private banking and research operations.NEW YORK (CNNMoney.com) -- Citigroup moved Sallie Krawcheck, its chief financial officer, to the head of its Global Wealth Management division, the nation's largest financial services firm announced Monday. Krawcheck, 41, who also held the title of head of strategy for Citigroup (Charts), will make the move when her replacement is found. The company termed the shift to be a promotion.
Her new title is Chairman and CEO of the unit which includes Citigroup Private Bank, Smith Barney and Citigroup Investment Research. Krawcheck will take a position formerly held by Todd Thomson, 45, who is leaving the company to take up undisclosed future plans. In the interim, until Krawcheck can assume her new duties, the division will be overseen by Robert Druskin, the company's chief operating officer. Krawcheck was ranked No. 9 on Fortune's list of 50 most powerful women in business in October. |
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