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Citigroup shifts global leadership roles, promotes Medina-Mora, Corbat

Bill Mills becomes chief executive of North America and is replaced in Europe by Mike Corbat

Citigroup shifted the roles of some of its top executives today, including promoting Americas executive Manuel Medina-Mora to lead the bank's worldwide consumer operations and moving Citi Holdings head Mike Corbat into an international role.

According to a memo from chief executive Vikram Pandit and president John Havens sent, the bank is giving the two executives and top lieutenants more responsibility in a major shakeup of its leadership roles that will take effect the first of the year.

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