People Moves

Citigroup Director Moves To Santander

Vanessa Doctor 28 June 2011


Citigroup has announced that Jerry Grundhofer has resigned from the board of directors of both Citigroup and Citibank.

Grundhofer left to serve as chairman of Santander Holdings USA, the wholly-owned subsidiary of Spain's Banco Santander. He starts on 1 July.

The departure was amicable, as shown in a statement by Citi board chairman Richard Parsons, who said the firm understood his wish to pursue other interests. His decision to join Santander was reported by The Wall Street Journal.

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