Citicorp's board Tuesday formally appointed Victor J. Menezes president of its principal operating unit, Citibank N.A., in preparation for the planned $70 billion merger with Travelers Group.

Mr. Menezes, 49, becomes the $330 billion-asset bank's first president since Richard Braddock resigned in 1992. He will head up global corporate banking activities at the merged company, which is to be called Citigroup. Mr. Menezes had been Citicorp's chief financial officer since 1995.

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