Citigroup Inc. named Raymond McGuire as its lone head of global banking.

McGuire had shared oversight of the New York firm's global investment bank with Alberto Verme.

Earlier this week, Verme was appointed a regional chief executive charged with running Citi's business in Central and Eastern Europe as well as the Middle East.

John Havens, the head of Citi's institutional clients group, announced McGuire's appointment through an internal memo issued Wednesday.

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