Citi Head Takes Medical Leave, Execs Do Well From Internal Private-Equity Investments

Pot Of Gold

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.

Citigroup Says U.S. Equities Head Rick Bartlett on Medical Leave

Citigroup’s Forese, Medina-Mora Receive $1.2 Million From Funds

JefferiesAnd the Best Place to Work in the global financial markets 2016 is...

Register for Financial Markets News Alerts