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.

Sultan's unit, known as TTS, is part of Citigroup's global transaction-services division, which handles more than $3 trillion of transactions every day. Gelb has worked in the division for almost 15 years, including roles in London, New York and Tokyo, the bank said.

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