Citigroup shuffles executives, former CFO leaving

Citigroup Inc. shuffled its top management again Thursday, naming its third chief financial officer of the year and bringing in a new head of its Citibank division as it returns its focus to traditional banking.

Edward Kelly, who took over as the bank's finance chief in March, is on the move for the second time in less than five months and will now oversee strategy and mergers in a new role as vice chairman. John Gerspach, 56, currently the bank's chief accounting officer, is taking over as CFO.