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Citi’s UK CEO promoted in European shake-up

US bank aims to ‘reflect the importance of the UK as a standalone market’ as it alters its relationship with the EU

Citigroup has handed more responsibility to James Bardrick, its UK chief executive,  as part of a shake-up of its European investment bank.

Under the plans, Citi’s operations covering the European Union aside from the UK will be brought together into a “single cluster”, according to an internal memo seen by Financial News.

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