People Moves

Big New Job For Citi's Peter Charrington

Tom Burroughes Editor London 5 June 2009

Big New Job For Citi's Peter Charrington

Peter Charrington, currently head of Citi Private Bank’s business in the UK, Israel and Monaco, is to be made chief executive of its North American business, responsible for the US and Canada.

“We intend to invest in and strengthen the Private Bank’s capabilities and leadership position in the industry. Peter is a terrific choice to lead our talented team of professionals in the US and Canada,” John Havens, CEO for Citi’s institutional client group, which includes the private bank, said in a statement.

Mr Charrington will move to New York to take up his post in a matter of weeks. Rich Ditizio, who had acted as interim co-CEO at the private bank in North America, along with Mark Connolly, has decided to leave the company, according to details of the changes that have been seen by WealthBriefing. Mr Connolly takes up the post of chief administrative officer, reporting to Mr Charrington.

An announcement about who will replace Mr Charrington in his current role at Citi is to be made in due course.

Mr Charrington joined Citigroup as a management associate in 1994, becoming a private banker in 1997.

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