A former head of the home mortgage business for Bank of America is going to work for Citigroup in its banking subsidiary.
Barbara Desoer will start work Oct. 15 as chief operating officer for Citibank NA, according to a memo from Gene McQuade, CEO of Citibank.
Desoer had held various executive posts within Bank of America, including president of the consumer real estate operation that was formed when the bank bought Countrywide Financial Corp. To take the job, she moved from Charlotte to Countrywide's base in Calabasas, Calif., a state she had lived in previously.
Desoer left Bank of America last year. She was said to have been a candidate for Bank of America CEO and replace Ken Lewis, who resigned in 2009. That position ultimately went to Brian Moynihan.
"Barbara brings to Citi a wealth of experience in banking and finance accrued during a 35-year career with Bank of America," McQuade says in the memo. He called Desoer "a senior leader in retail and commercial banking during the early integration of Bank of America and Nations Bank.
"Barbara is the ideal person to deepen the management bench both of CBNA and of Citi, and we’re delighted to have her join our team."
Citigroup is based in New York.
Thursday, October 10, 2013
Former Bank of America mortgage head joins Citigroup
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2 comments:
Let's see. I want to hire an employee....Where shall I look? I want someone from the worst bank in the world. Lowest code of ethics, worst rating among consumers, can't find their way out of a paper bag....I think I want a Bank of America employee.....
"Let's see. I want to hire an employee....Where shall I look? I want someone from the worst bank in the world. Lowest code of ethics, worst rating among consumers, can't find their way out of a paper bag....I think I want a Bank of America employee....."
Ah yes, you're either a disgruntled former employee on the "Do Not Rehire" list or possibly someone that has interviewed with BofA a few times and hasn't been picked up. Which is it?
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