Citigroup Names Gelb U.S. Treasury Head

Gupte to lead Asia-Pacific transaction services business.

Citigroup Inc., the third-biggest U.S. bank, promoted Andrew Gelb to North America head for treasury and trade solutions, a unit with more global revenue than equity trading and investment banking combined.

Gelb, 42, replaces Amol Gupte, who will lead the transaction-services business in the Asia-Pacific region, New York-based Citigroup said today in a statement. Gelb will report to Julie Monaco, North America head of transaction services, and Naveed Sultan, global head of treasury and trade solutions.

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