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(Adds MasterCard info in first and second graphs.)
Citigroup (C Quote) said late Friday that Ajay Banga, the head of Asia Pacific region, is leaving the firm and published reports said he was tkaing the number two spot at MasterCard (MA Quote).
Banga, 49, who has been with the firm for the past 13 years, will join MasterCard in August to become president and chief operating officer , as well as heir apparent to CEO Robert Selander, according to The Wall Street Journal. Citi plans to name a replacement shortly, it said.
As Citi's CEO of Asia Pacific, Banga was in charge of the company's business lines in the region, including institutional banking, alternative investments, wealth management, consumer banking and credit cards. ...
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