Citicorp has acted to stabilize the management of its mortgage company by making permanent the acting appointment of David Lowman to the unit's presidency.

Mr. Lowman was also named chief operating officer at Citicorp Mortgage, executives of the St. Louis-based unit said. As the company's No. 2 executive, he reports to chairman and chief executive officer Carl Levinson.

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.