Search
 
News

Citi Treasurer to Depart After 33 Years at the Bank

As treasurer for the past six years, he has managed the firm’s $2.4 trillion balance sheet through the Covid-19 pandemic, a rapid increase in interest rates, and banking turmoil

By Jenny Surane | October 16, 2023 at 11:54 AM
Photo: The logo of Citigroup Inc. at the entrance to the bank's office in Paris, on February 27, 2023. Photographer Benjamin Girette/Bloomberg Photographer: Benjamin Girette/Bloomberg The logo of Citigroup Inc. at the entrance to the bank’s office in Paris, on February 27, 2023. Photographer Benjamin Girette/Bloomberg Photographer: Benjamin Girette/Bloomberg

Citigroup Inc.’s treasurer, Mike Verdeschi, is departing to pursue other opportunities after a 33-year career with the Wall Street giant.

Verdeschi has been treasurer for six years, during which he managed the firm’s $2.4 trillion balance sheet through the coronavirus pandemic, a rapid increase in interest rates, and banking turmoil, according to a memo to staff. Mark Smith, most recently head of the firm’s treasury and trade solutions division in Europe, the Middle East, and Africa, will take on the treasurer role on an interim basis.

Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.

Your access to unlimited Treasury & Risk content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical Treasury & Risk information including in-depth analysis of treasury and finance best practices, case studies with corporate innovators, informative newsletters, educational webcasts and videos, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM websites including PropertyCasualty360.com and Law.com.

Already have an account?

NOT FOR REPRINT

© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

 

Recommended Stories

Inflation and Labor Are Cooling

Inflation and Labor Are Cooling

Augusta Saraiva |

Fed rate hikes are on hold for now, but some think inflation and the soft job market will lead to cuts in the near future.

Treasury & Risk

Join Treasury & Risk

Don’t miss crucial treasury and finance news along with in-depth analysis and insights you need to make informed treasury decisions. Join Treasury & Risk now!

  • Free unlimited access to Treasury & Risk including case studies with corporate innovators, informative newsletters, educational webcasts, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM publications including PropertyCasualty360.com and Law.com.

Already have an account? Sign In Now
Join Treasury & Risk

Copyright © 2023 ALM Global, LLC. All Rights Reserved.