Hamid Biglari, a 12-year veteran of Citigroup who was most recently head of emerging markets, is leaving the company, according to a memo from new CEO Mike Corbat on Monday.
Biglari, also a vice chairman and a member of the company's business development committee, will "explore other professional opportunities," according to the memo, which was seen by Reuters.
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Corbat has been realigning the company's chain of command since he was suddenly named CEO in October to replace Vikram Pandit.
(Reporting by David Henry in New York; Editing by Gary Hill)