Citi names insider Raymond Gatcliffe as CEO of Canada operations

(Reuters) - Citigroup on Thursday named Raymond Gatcliffe, a three-decade company veteran, as the chief executive officer of its Canada operations.

Gatcliffe, whose appointment is effective April 1, succeeds CEO John Hastings, who will stay on as a member of the board. Hastings was at the helm since 2010, according to his LinkedIn profile.

The leadership change comes amid a shake up of the decades-old global trade order triggered by sweeping tariffs from U.S. President Donald Trump. Canadian Prime Minister Mark Carney on Thursday reiterated that Ottawa would respond with force until Washington lifted the tariffs.

"Canadian companies are internationally focused and we look forward to continuing to support them with Citi's leading global products and network," said Gatcliffe.

Gatcliffe most recently served as the North American Head of Citi's Commercial Bank, in New York. He has also led the lender's Commercial Bank in Europe, the Middle East and Africa during his career that began at Citi Trinidad in 1994.

Gatcliffe will also assume the role of Country Officer, Citibank Canada said.

(Reporting by Ateev Bhandari in Bengaluru; Editing by Shailesh Kuber)

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• USDA cyclospora research projects shelved amid funding cuts and relocations, Politico reports
• Israeli strike kills two people including a 3-year-old boy, Gaza medics say
• Trump says NBC's Welker to be reported to FCC over characterization of his endorsement record