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Citibank names new top executive

Citigroup announced today that the State Financial Institutions Supervision approved the appointment of Sunil Sreenivasan as Citibank Rt?s new President and CEO. He replaces Zdenek Turek, who is now the country officer for Citigroup in the Republic of South Africa. In addition to his new role as President and CEO, Sreenivasan is the regional executive for Citigroup?s corporate and investment banking division in Central Europe, which is centered in Budapest. In this capacity, he oversees Citigroup?s corporate and investment banking activities in Hungary, Poland, Czech Republic, Romania, Slovakia and Bulgaria.