Citigroup’s Forese Said to Revamp Transaction Services
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Citigroup Inc.’s Francesco Vanni d’Archirafi will step down as head of transaction services and Julie Monaco will join the investment bank as the firm overhauls management, a person with knowledge of the matter said.
Monaco, who ran transaction services in North America, will lead the public sector group for the investment bank and won’t be replaced, said the person, who requested anonymity because the move hasn’t been announced. She replaces Zubaid Ahmad, who stays to concentrate on sovereign wealth funds, the person said. Vanni d’Archirafi will take an unspecified new role, according to an internal memo obtained by Bloomberg News.