Citigroup appoints Ruggiero as chairman in Switzerland

Renato Ruggiero, vice-chairman of Schroder Salomon Smith Barney (SSSB), Citigroup's European investment banking business, is taking on the new role of chairman of Citigroup in Switzerland.

A number of banks have been reorganising their management structures in order to put senior bankers in relationship roles and extract greater revenues from top-tier clients.

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Inside the Wall Street Recruitment Wars Pitting Banks Against Buyout FirmsExternal link

Inside the Wall Street Recruitment Wars Pitting Banks Against Buyout Firms