Citi Treasurer Mike Verdeschi to Depart After 33 Years at Bank

Citigroup Inc.’s treasurer, Mike Verdeschi, is departing to pursue other opportunities after a 33-year career with the Wall Street giant.

Verdeschi has been treasurer for six years, during which he managed the firm’s $2.4 trillion balance sheet through the coronavirus pandemic, a rapid increase in interest rates and banking turmoil, according to a memo to staff. Mark Smith, most recently head of the firm’s treasury and trade solutions division in Europe, the Middle East and Africa, will take on the treasurer role on an interim basis.