Citigroup Names New CFO
Mark Mason will assume the role of Citigroup’s Chief Financial Officer when the current CFO, John Gerspach, retires next year. Mason currently serves as the finance chief of Citigroup’s Institutional Clients Group, the side of the bank that includes investment banking and trading. The 47-year-old has held a variety of jobs at Citigroup in recent years. In 2017, the bank put him in charge of the company’s annual stress test submitted to the Federal Reserve. He previously ran the Private Bank, which caters to ultra-wealthy individuals, and Citi Holdings. Mason was also a deputy to Citigroup’s current CEO Michael Corbat when he was at the helm of Citi Holdings. The Queens native is a 1991 graduate of Howard University and earned his MBA from Harvard Business School in 1995. He will assume the role of CFO in March of next year. More here.