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Citigroup (NYSE:C) is replacing Sanjiv Das, the chief executive of its mortgage unit, with private bank head Jane Fraser.
May 20 -
Michael Corbat is reorganizing Citi's top ranks for the first time since taking over in October, promoting longtime executives Jamie Forese and Manuel Medina-Mora to co-presidents.
January 7 -
For the second time in four years, veteran banker Eugene McQuade is opting not to forge a career at Bank of America Corp. after it buys his current employer.
December 1
Citibank's Eugene McQuade is being recognized by a group that helps New Yorkers in need.
McQuade, head of the $1.3 trillion-asset commercial banking arm of Citigroup (NYSE:C), is slated to be honored Thursday evening at the annual Catholic Charities gala held by the Archdiocese of New York.
The group, which has a budget of about $715 million and raises $2 million annually, serves meals and provides social services to Catholics and non-Catholics alike in hundreds of neighborhoods throughout the New York area.
McQuade, who graduated from St. Bonaventure University near Olean, N.Y., is a financial supporter of Catholic Charities, according to a Citigroup spokeswoman. Citi has worked with the organization to develop financial literacy workshops, and bank personnel volunteer with it, the spokeswoman added.
"I'm gratified and humbled to be recognized, but tonight is about shining a spotlight on the enormous positive impact Catholic Charities has on our city," McQuade said in a press release.
McQuade, who has led Citibank since 2009, oversees its branch network in 101 countries worldwide as well as the bank's Citi Holdings units and its business in Japan. He served as head of banking at Merrill Lynch before that company's takeover in 2008 by Bank of America (BAC).
He earlier served as chief operating officer of Freddie Mac and FleetBoston, and he helped to engineer Fleet's sale to B of A in 2004.
McQuade, a certified public accountant, also serves as a trustee to the Boys & Girls Clubs of America and the American Ireland Fund.
