Briefs

- By Risk Staff
- 01 Nov 2004

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Citigroup sacks execs over Japan offences –
Citigroup announced in late October that Deryck Maughan, vice-chairman; Thomas Jones, chief executive of Citigroup Asset Management; and Peter Scaturro, chief executive of Citigroup Private Bank, are leaving the firm. Japan's Financial Services Agency has demanded that Citigroup shut down its private banking arm in the country by September 2005, after uncovering problems in the way the business was being run across a spectrum of compliance areas. The

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