NEW YORK - Citigroup Inc. has hired Kenneth Dowd from SG Cowen Securities Corp. as director of investments for its global consumer group.In the newly created position, Mr. Dowd will look at how Citigroup and its Salomon Smith Barney unit market investment products and make recommendations to boost sales and expand the offerings.

The post "reflects our recognition that we have tremendous distribution in the U.S. and need to develop the same distribution channels overseas," a spokeswoman said.

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