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Citigroup Appoints Bruchou to Oversee South America Division

Citigroup Inc.’s Latin America head Francisco Aristeguieta, helping Chief Executive Officer Vikram Pandit with a push to expand in emerging markets, has overhauled the bank’s leadership team in the region.

Aristeguieta named Juan Bruchou to head a group of seven South American countries including Argentina and Venezuela, and Suresh Maharaj for Central America and the Caribbean, according to a statement today from the New York-based firm. Gustavo Marin and Bernardo Norena will continue to head Brazil and Colombia, respectively. All will report to Aristeguieta, who was appointed head of the region, excluding Mexico, in November.