The gatekeeper who chooses which mutual funds Citicorp brokers are supposed to sell stepped down last week.

Susan L. Malley resigned as chief investment officer of the Citicorp Investment Services brokerage subsidiary to set up her own investment management firm, a spokeswoman for the New York-based banking company confirmed. Ms. Malley did not return calls seeking comment.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.