Bloomberg reports that Helfer, 68, who served as general counsel and corporate secretary earlier in his career, will join the board of Banamex, the bank’s Mexico unit, according to a memo today from Chief Executive Officer Michael Corbat. The memo’s contents were confirmed by Mark Costiglio, a bank spokesman.
Helfer joined Citigroup in 2003 when former CEO Sanford “Sandy” Weill hired him from Nationwide Mutual Insurance Co. He advised the firm through its near-collapse and $45bn bailout, which it has since repaid. In 2012, he became vice chairman, focusing on U.S. and international regulations and overseeing implementation of Dodd-Frank Act rules.
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