Citigroup has appointed Sallie. L. Krawcheck, its chief financial officer and head of strategy to chairman and chief executive of its Global Wealth Management (GWM) division. This follows the decision of Todd Thomson, who was GWM’s chairman and chief executive until 19/01/07 to leave the company to “pursue other interests.”

Ms Krawcheck will take up the reins at GWM as soon as a successor is found to fill her current positions. In the interim Robert Druskin will oversee GWM on an interim basis. To this end Citigroup has commenced a formal search of internal and external candidates to fill Ms Krawcheck’s curr...