Citigroup’s Ned Kelly Retires as Investment Bank Chairman
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Edward “Ned” Kelly, chairman of Citigroup Inc.’s institutional businesses, including the investment bank, is retiring and will be succeeded by Vice Chairman Stephen Volk.
Kelly, 61, told co-President Jamie Forese, who runs the businesses, about his intention to step down, Danielle Romero-Apsilos, a spokeswoman for New York-based Citigroup, said yesterday in an e-mail. Kelly will help with a transition before departing in coming weeks, she said.