For example, in the distribution of debit cards, more than one person is involved in the process.

Citi has also consolidated its United States and international credit card businesses into a single global business led by Steven Freiberg, CEO of Global Cards.Institutional Clients Group and Global Wealth Management, which are already organized as global businesses, will continue to be led by John Havens and Sallie Krawcheck, respectively. Citigroup Technology Inc. Citigroup Inc. (Bank Holding Company) Citicorp LLC (Intermediate Holding Company) Citibank, N.A. First of all they have divided into departments according to the functions i. e. dealing with cash, banking operation, sales and for each of the above categories there is a separate department. Search. Citi strives to create the best outcomes for our clients and customers with financial solutions that are simple, creative and responsible. See figure 3 for the three main areas. Risk is already centralized.The business reorganization reflects priorities outlined by Mr. Pandit, who has been conducting intensive business reviews since being named CEO, to drive greater cross-business collaboration; eliminate bureaucracy and create a nimbler, more client-focused organization; ensure strong risk management and capital resources; and drive cost and operational efficiencies to generate additional shareholder value.Please be advised that this site is not optimized for use with Microsoft Internet Explorer 6.Client-Focused Reorganization Driven by Global Business Reviews The four global businesses will allow Citi to deliver on product excellence in close partnership with the regions. Asia Pacific, including Japan, will be led by Ajay Banga.

Citi Organizational Chart Michael Corbat CEO Manuel Medina Mora Co-President, CEO Global Consumer* Jamie Forese Co-President, CEO ICG Gene McQuade CEO Citibank, N.A., Japan Francisco Aristeguieta CEO LATAM Stephen Bird CEO ASIA Bill Mills CEO NAM Jim Cowles CEO EMEA Name Chief of Staff Brian Leach Head of Franchise Risk & Strategy Paul McKinnon Head of Human Resources John Gerspach … The new organizational structure will allow Citi to focus its resources towards growth in emerging and developed markets and improve efficiencies throughout the company. This means that an entire task is not done by one individual but instead is broken down into jobs done by different people.In Citibank, tasks are divided into different jobs according to the requirements and work specialization can be seen. Departmentalization is the basis by which jobs are grouped together. The product leaders also will report to Mr. By continuing we’ll assume you’re on board with our We know that sometimes it's hard to find inspiration, so we provide you with hundreds of related samples. New York – Vikram Pandit, Citi's Chief Executive Officer, today announced a comprehensive reorganization of Citi's structure to achieve greater client focus and connectivity, global product excellence, and clear accountability.

Toggle navigation The Official Board. "Terri" Dial will join Citi as Global Head of Consumer Strategy and CEO of Consumer Banking in North America. To develop an organization structure, managers go through a process called organizational design that involves decisions on about six key elements i. e. work specialization, departmentalization, and formalization etc. In Citibank, cross-functional teams are not present; departments work on their own.We use cookies to give you the best experience possible. "With this new structure, we reinforce our focus on clients by moving the decision-making process as close to clients as possible and assigning some of our strongest talent to lead the regional areas and global product groups. Advanced Search.

Lost password. Citi is the leading global bank. Sign In. Organizational Structure is the formal arrangement of jobs within an organization. Pandit.

I’ve analyzed Citibank’s organizational structure according to these factors. Represents intermediate holding companies not identifiedas MLEs in Citigroup’s 2019 Resolution Plan, included to illustrateCiti’s organizational structure.

Citi's leadership team comprises our Executive Management Team and Board of Directors. In case of Citibank you can see two major forms of departmentalization i. e. unctional and geographical departmentalization.You can also see a minor form, customer departmentalization. There is a CRM (customer relation manager) and a CRO (customer relation officer) while the CRM deals with validation of debit cards and the CRO deals with the transactions relating to debit cards. Work Specialization is used to describe the degree to which activities in organizations are divided into separate jobs. However one type, product departmentalization, is not present. Search. Part 1: Organizational design and key service areas In general, the main areas include: the family office management company, the family’s asset ownership structures, and the family’s philanthropic activities. "Our new organizational model marks a further important step along the path we are pursuing to make Citi a simpler, leaner and more efficient organization that works collaboratively across the businesses and throughout the world to benefit clients and shareholders," said Mr. Pandit. Western Europe, Middle East and Africa will be headed by William Mills.