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Citi Names New CEOs of CitiMortgage, Private Bank, Citi Holdings

Citigroup Inc. (C) shuffled the top executives of several businesses, including its private bank, its mortgage operation and the unit that houses non-core businesses and assets.Jane Fraser will become the head of CitiMortgage after current leader Sanjiv Das decided to leave the bank for other unspecified opportunities, according to a memorandum Monday from Citi Chief Executive Mike Corbat.Mark Mason will take over for Ms. Fraser as CEO of the private bank, and Francesco Vanni d'Archirafi will become the new CEO of Citi Holdings, the memo said.Mr. Das has run CitiMortgage since the financial crisis, helping to stabilize the business, Mr. Corbat said in the memo. He will stay at the bank for several months and work on resolving long-standing mortgage issues, the memo said.Meanwhile, Ms. Fraser is credited with transforming the company's private banking business over the last four years as the CEO of that unit. She led the restructuring of the private bank's investment platform and integr...

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