Citigroup’s global co-head of markets, Carey Lathrop, is set to depart the bank after 30 years, Reuters reported Friday.
Andy Morton, who has shared the post with Lathrop since 2019, will take over the role, the report said.
Paco Ybarra, CEO of the institutional clients group, said in a memo that Lathrop was seeking a new professional challenge, without providing further details, Reuters reported, nothing Lathrop and Morton will work together the next few weeks.
Other Recent Departures
Lathrop’s departure comes shortly after news broke that Dan Keegan, a top markets executive, would leave Citigroup to start an investment fund focused on fintech companies, according to a Wall Street Journal report citing an internal memo. Keegan was at Citi for more than 15 years, most recently as the head of all North American markets, the report said.
In addition, earlier this month, Greg Girasole and Alex Kriete, who Citi tasked last year to lead a new digital-assets group in the wealth management segment, said they were departing to start their own business in digital assets, Bloomberg reported, citing LinkedIn posts.
