Financial Times FT.com

Citi unit sees exodus of managers

By David Wighton in New York

Published: May 8 2007 22:05 | Last updated: May 8 2007 22:05

Nearly half the senior management of Citigroup’s consumer operations have quit during 18 months amid intensifying criticism of Chuck Prince’s leadership of the world’s largest financial services group.

Latest to go are Faith Massingale, head of Citi’s international cards business, and Ashok Vaswani, former head of Asia Pacific. They follow Joyce Phillips, head of international retail banking, who last week joined American International Group.

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