Citigroups head of hedge fund services leaves after 24 years with company

Date: Monday, June 23, 2008
Author: Associated Press

NEW YORK (AP) - Citigroup Inc.'s head of hedge fund services is leaving the company, according to an internal company memo.

Steve Bowman has worked at Citi, now the nation's largest bank by assets, for 24 years in both the New York and London offices.

Friday's memo from Jamie Forese, co-CEO of markets & banking at Citi, did not say who would replace Bowman. It did say Bowman would help in the coming weeks with the management transition.

Forese said Bowman informed him of "his desire to leave the firm to pursue new opportunities" earlier last week.