Citigroup Emerging Markets Head Biglari to Leave the Bank
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Citigroup Inc. said Hamid Biglari, head of the emerging-markets business, is leaving as Chief Executive Officer Michael Corbat overhauls management and cuts thousands of jobs.
Biglari, 54, decided to leave Citigroup “to explore other professional opportunities,” Corbat said in an internal memorandum sent to employees, a copy of which was obtained by Bloomberg News. Mark Costiglio, a spokesman for the New York-based lender, confirmed the contents of the memo.