Citibank Japan is set to appoint Sumitomo Mitsui Financial Group Inc director Kazuya Jono as its new president, the Nikkei business daily reported on Tuesday.
The Citigroup Inc unit hopes to rebuild its operations in Japan under the new 57 year-old chief, after receiving its third administrative penalty from Japan's financial watchdog at the end of last year, the paper said.
(Reuters)
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