Citigroup appoints new GC

Current GC Michael Helfer will become vice chairman on June 1

A changing of the guard at Citigroup Inc. will take place as the weather gets warmer. The company announced yesterday that as of June 1, GC and corporate secretary Michael Helfer will become vice chairman, making way for Rohan Weerasinghe to assume his mantle.

Weerasinghe is currently a senior partner at Shearman & Sterling, where he has advised and represented financial institutions and corporations on issues including corporate governance, complex transactions, and IPOs and debt issues for the past 35 years. Citi's business unit GCs, regional GCs and corporate deputy GCs will report to him.

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