Citi Announces New Group Structure in Japan Following Acquisition of 100% of Nikko Cordial Corporation

11.03.08 - 19:03 ... source : Citigroup

... Changes Will Streamline Organization and Accelerate Integration of Citi and Nikko Operations, With Focus on Client Service TOKYO / NEW YORK – Citi today announced that it will reorganize its group structure in Japan in order to accelerate Citi's ongoing integration with Nikko and streamline the combined group's operating platform, with the ultimate aim of creating Japan's leading comprehensive banking and securities group. Citi's plans in Japan are being announced in connection with Citi CEO Vikram Pandit's ongoing review of ways to enhance operating efficiency across the organization and increase the focus on clients. Citi's new group structure in Japan, which is expected to be implemented in phases over the next 18-24 months and which remains subject to receipt of approvals from relevant authorities, is intended to: Enable group-wide management of ...» Next (HTML)