Mr Medina-Mora will oversee Citi´s retail branch network, the branded cards business and the local commercial bank in the Americas. In his role as chairman of Citi’s newly formed consumer council, he will be responsible for Citi’s global consumer strategy and work closely with all regional CEOs.
Mr Medina-Mora has served as chairman and CEO of Citi Latin America since 2004. Prior to that, he was CEO of Banamex, a position he has occupied since 1996. He has more than 35 years of experience in Banamex and Citi.
Mr Pandit said: “We are now focused on developing our client franchise in our core businesses. Under Mr Medina-Mora’s leadership, we will build on the progress we have made and execute our consumer strategy across our global consumer banking businesses and fully leverage our unmatched global network and emerging markets footprint.
“Mr Medina-Mora is an exceptional banker who has led our franchise in Latin America to a new level. His track record shows consistent results over several years in one of the most dynamic geographies in the emerging world. Our new model – a global bank for businesses and consumers – has been successfully implemented under his leadership in Latin America. He brings a unique combination of experience and expertise to lead our consumer business and help Citi achieve sustained profitability and growth.”
