Daniel O’Donnell will take full responsibility for the global real estate unit at Citigroup Inc. (C)’s private bank after co-head Kwang Meng Quek resigned, according to a memo obtained Bloomberg News that was sent to employees on Feb. 26.
O’Donnell will continue to head the private equity division at the private bank, according to the memo.
Godwin Chellam, a Hong Kong-based spokesman at Citigroup, confirmed the contents of the memo.
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