Citigroup names David Chubak, 39 year old ex-McKinsey partner, as head of US retail banking

Finance

A flag flies outside the Citigroup building in the Long Island City neighborhood of Queens, New York.

Daniel Acker | Bloomberg | Getty Images

Citigroup is making David Chubak its new head of U.S. retail banking at a critical time for the third-largest U.S. bank.

Chubak, who held largely strategic roles across the New York-based bank since joining Citigroup from McKinsey in 2013, will report directly to Anand Selva, head of the U.S. consumer banking division, according to a memo obtained by CNBC.

It’s one of the first major changes after Citigroup’s Jane Fraser ascended to president and head of the firm’s global consumer bank in October, replacing Stephen Bird as chief of retail businesses at the bank. In fact, five years ago Fraser had a role similar to the one that Chubak is assuming now, signaling the rise of the 39-year old Chubak within the Citigroup organization. 

Products You May Like

Articles You May Like

HP jumps on earnings beat and rising PC notebook sales
Whole Foods CEO John Mackey: Why I regret not having kids
Square and PayPal may be the new whales in the crypto market as clients flock to buy bitcoin
Black Friday online shopping on track to hit record as holiday shoppers skip stores, Adobe says
Working remotely from different states? You could face additional state taxes next year

Leave a Reply

Your email address will not be published. Required fields are marked *