Citigroup Inc. Monday brought on a pair of executives from Morgan Stanley for its U.S. consumer and commercial banking division.
Cecelia Stewart was appointed to oversee the company's retail banking, personal banking and wealth management, commercial banking and small-business banking businesses in the U.S. Stewart is slated to join Citi in the next few months.
Among her charges will be Brad Dinsmore, who was hired in March 2009 to run the U.S. retail banking business after heading such operations for Bank of America Corp. He will keep that role.
Stewart has more than 30 years of experience in the consumer banking industry, most recently serving as president of the retail banking group and chief executive at Morgan Stanley Private
Bank. Before that, she held several senior positions at Wachovia Corp.
Along with Stewart comes Will Howle, who will be the chief operating officer for U.S. consumer and commercial banking, reporting to Stewart.
He was the managing director and head of national sales for Morgan Stanley's private bank, and had been COO of Wachovia's retail and small-business segments when Stewart led them.
Stewart and Howle's positions are newly created.