Citigroup’s Fujita Resigns as Japan Vice Chairman, Memo Shows

Tsutomu Fujita has resigned as Citigroup Inc.’s vice chairman in Japan, ceasing to be an employee of the U.S. bank where he’s worked for 16 years, according to an internal memo obtained by Bloomberg.

Fujita has become a consultant to Citigroup and will provide the New York-based firm with commentary on global capital markets, according to the memo, which was sent by Citigroup Global Markets Japan Inc. President Luke Randell to employees last month.

Fujita joined the firm’s Japanese brokerage unit in 2000 and worked as chief equity strategist. Before joining the firm, he worked for more than 15 years at Yamaichi Securities Co. and at a Merrill Lynch & Co. unit, the memo shows.

Mika Nemoto, a Tokyo-based spokeswoman for Citigroup, confirmed the contents of the document.