Citigroup has said that North American equities head Richard 'Rick' Bartlett has taken a medical leave of absence.
Bloomberg reports that Bartlett took the leave earlier this month, according to Scott Helfman, a spokesman for the New York-based lender, who declined to comment further. Bartlett couldn’t be reached at his office and didn’t immediately respond to an e-mail seeking comment.
In the meantime, the news organisation also reports that Citigroup’s new co-presidents, Jamie Forese and Manuel Medina-Mora, received a combined $1.2m last year from their holdings in internal private-equity investment funds.
Forese, 49, got $755,675 in total distributions from his stakes in two of the funds while Medina-Mora, 62, received $418,800 from one of the funds, according to a regulatory filing today by the New York-based firm. The Citigroup Employee Fund of Funds I and Citigroup Capital Partners II seek to profit from private-equity investments, the filing shows.