Citigroup appoints Anand Selvakesari as COO

Indian American Anand Selvakesari has been appointed as the Chief Operating Officer of Citigroup. The announcement was made by the US-based bank in an internal note. Selvakesari, 32, who is now the head of consumer banking operations, will take on the additional role with immediate effect. He will take over after the current COO Karen Peetz retires. The new COO will be overseeing the group’s ongoing transformation program.