Citi’s CFO Crittenden to Head Troubled Bank Unit

Citi has named CFO Gary Crittenden as chairman of troubled banking unit Citi Holdings on Friday, and elevated Edward Kelly to replace him as CFO, according to a report from Reuters.

Crittenden will work with Mike Corbat, the interim chief executive of Citi Holdings, to sell or wind down $850 billion in assets in the unit, including the Smith Barney brokerage, the Primerica insurance unit and $300.8 billion in troubled assets.