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Citigroup names new chief executive for post-Brexit hub

Braden’s appointment means the bank’s Europe ‘cluster’ will now be led out of Frankfurt, rather than Dublin

Citigroup has named a new chief executive of its post-Brexit hub in Frankfurt, the latest step in the US investment bank’s reconfiguring of its European operations in the wake of the UK’s departure from the EU.

Kristine Braden, New York-based chief of staff to Mike Corbat, Citi’s chief executive, is moving to become head of the bank’s so-called European cluster, according to an internal memo seen by Financial News.

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