Citigroup Inc. said Richard "Rick" Stuckey, chosen in January 2009 to oversee $241 billion of the bank's most toxic mortgages and bonds, will retire this year after cutting the pool by half.

Stuckey, 54, stepped down as head of the special asset pool on April 26, the New York banking company said in an internal memo confirmed by spokeswoman Shannon Bell. He will remain an adviser until "the latter part of the year," it said.

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