Citi's Top-Down Reorg Leaves New Tech, Ops Unit; Cuts Loom
MANAGEMENT AND STRATEGY
In a reorganization last week, Citicorp established a new Global Finance operations and technology division -- and placed at its helm managing director Mary Cirillo. Cirillo, a cost-cutter by reputation, will be responsible for implementing further measures aimed at improving the efficiency of the bank's financial technology units.
The new operations and technology power structure will support the Global Finance group's technology needs worldwide and its operational requirements in North America
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