The promotion is the second this year for Gallagher, who will remain in her current role as chief conduct and control officer until a replacement is found.
Five executives were appointed to new roles within the revamped business unit that houses business banking, government and institutional banking and middle-market banking. All will report to commercial banking head Kyle Hranicky.
Jane Fraser, chief executive of Citigroup Latin America, explains how changes the company has made to its business model in that region are working so far.
Let others debate the meaning of the Fearless Girl statue. To State Street's Hannah Grove, its message to the banking industry was simple: reduce complexity for the average customer and create a more welcoming workplace for all.
Advancements aimed at speeding the flow of information by eliminating manual processing are helping the global custody bank attract new clients and win more business from existing ones, fueling revenue growth and improving efficiency.
BlackRock, the world’s largest asset manager, said it plans to move $1 trillion in custodial and fund services for client assets to JPMorgan Chase from State Street.
