Bank of America CFO not up for Citigroup role

Former Bank of America financial officer
Alvaro de Molina is
unlikely to replace Sallie Krawcheck in the same role at

This announcement was made by Citigroup chief executive
Charles Prince.

Krawcheck is returning to her old job as head of wealth management.

De Molina stepped down three weeks ago as Bank of America’s CFO after just 16
months in the job, calling the role ‘suffocating’.

He said in an interview last year that he does not want another CFO role, but
would consider a chief executive role.

Further reading:

Citigroup CFO not looking to resign

Citigroup treasurer takes RBS finance hot seat

Related reading