Citi announced that it has appointed a chief executive for Citi Holdings, the new firm that includes its’ brokerage and asset management, local consumer finance and a special asset pool.

Mike Corbat, who will take the CEO post, has served as interim CEO since Citi’s announced realignment into Citicorp and Citi Holdings on January 16. Prior to that he was CEO of Citi’s Global Wealth Management unit. He has also been head of the global corporate bank and global commercial bank at Citi, and head of global emerging markets debt.

Citi said that Corbat will continue to work closely with newly appointed Citi Holdings chairman, Gary Crittenden, to set the strategic course for these businesses, “while tightly managing risks and losses and maximizing the value of these assets.”

IE