Citigroup Appoints Michael O’Neill Chairman of Citibank NA
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Citigroup Inc., the third-biggest U.S. lender by assets, appointed company director Michael O’Neill as chairman of the board overseeing Citibank NA, its primary banking subsidiary.
O’Neill, formerly the chief executive officer of Bank of Hawaii Corp. and an executive at Bank of America Corp., replaced Jerry Grundhofer, according to a document dated Sept. 29 and posted on New York-based Citigroup’s website. Grundhofer left the board in June and became chairman of the U.S. subsidiary of Banco Santander SA, Spain’s biggest lender.