March 20, 2009 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.