Citigroup Promotes Vallorano, McNamara in Retail Cards Unit

Citigroup Inc. (C), which announced last month it will keep a retail partner cards business that had been tagged for sale, promoted Craig Vallorano and Leslie McNamara to be executive vice presidents in the unit.

Vallorano will be responsible for business development and strategy, and McNamara will oversee partnership management, the New York-based bank said today in a statement. Elisabeth “Molly” McCombe was named chief marketing officer. All three will report to Bill Johnson, the unit’s chief executive officer.

To contact the reporter on this story: Donal Griffin in New York at dgriffin10@bloomberg.net

To contact the editor responsible for this story: David Scheer at dscheer@bloomberg.net

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