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Citigroup Inc said on Thursday it appointed Shinjini Kumar, a former executive at Indian payments provider Paytm, as head of the bank's Indian consumer banking division.

Reuters reports that Kumar will manage Citi's consumer businesses including retail banking, wealth management, cards and mortgages in India, Citi said.

In the meantime, the news agency also reports that Wells Fargo & Co said on Thursday David Carroll, head of wealth and investment management, would retire effective July 1 after nearly 38 years with the company

Carroll, who will be succeeded by current head of Wells Fargo Securities Jonathan Weiss, will remain with the company until July 31 to ensure a smooth transition.

Citi names ex-Paytm executive Shinjini Kumar to head India consumer banking

Wells Fargo's head of wealth and investment management to retire

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