Citi names insider Raymond Gatcliffe as CEO of Canada operations

Reuters

Thu, Apr 10, 2025, 10:02 AM 1 min read

(Reuters) - Citigroup connected Thursday named Raymond Gatcliffe, a three-decade institution veteran, arsenic the main enforcement serviceman of its Canada operations.

Gatcliffe, whose assignment is effectual April 1, succeeds CEO John Hastings, who volition enactment connected arsenic a subordinate of the board. Hastings was astatine the helm since 2010, according to his LinkedIn profile.

The enactment alteration comes amid a shingle up of the decades-old planetary commercialized bid triggered by sweeping tariffs from U.S. President Donald Trump. Canadian Prime Minister Mark Carney connected Thursday reiterated that Ottawa would respond with unit until Washington lifted the tariffs.

"Canadian companies are internationally focused and we look guardant to continuing to enactment them with Citi's starring planetary products and network," said Gatcliffe.

Gatcliffe astir precocious served arsenic the North American Head of Citi's Commercial Bank, successful New York. He has besides led the lender's Commercial Bank successful Europe, the Middle East and Africa during his vocation that began astatine Citi Trinidad successful 1994.

Gatcliffe volition besides presume the relation of Country Officer, Citibank Canada said.

(Reporting by Ateev Bhandari successful Bengaluru; Editing by Shailesh Kuber)