Citi today announced that CD Davies has been appointed Head of Citi’s Mortgage business globally. Mr. Davies joined Citi in March 2014. He will continue to report to Jane Fraser, Chief Executive Officer of CitiMortgage and U.S. Consumer and Commercial Banking.

“CD is a dynamic and experienced leader in the mortgage industry,” said Ms. Fraser. “Since joining Citi last year, he has provided our originations team with sharp focus on building a sustainable retail-purchase mortgage capability. He has aligned our Sales and Fulfillment teams and is executing a balanced business strategy across distribution channels.”

Mr. Davies commented, “Citi has an outstanding mortgage business, and I look forward to my expanded role in it. Our employees are passionate about delivering remarkable experiences for our clients. As we lay the foundations for future growth, we will continue to build on our partnership between Citi’s Mortgage division and the Retail Bank.”

Before coming to Citi, Mr. Davies held positions as CEO of QBE FIRST, an insurance organization, Head of Capital One’s mortgage business and Vice Chairman and CEO of LendingTree. He made his first significant mark in the industry as President and CEO of Wachovia Mortgage Corporation.

As of September 30, 2014, Citi’s North America consumer mortgage lending portfolio was $101 billion. The company is also a third-party servicer for an additional $229 billion in mortgages. Outside of the U.S., Citi has mortgage operations in 13 countries with a total portfolio of more than $46 billion in loans.

Citi, the leading global financial services company, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management.

Additional information may be found at www.citigroup.com | Twitter: @Citi | YouTube: www.youtube.com/citi | Blog: http://blog.citigroup.com | Facebook: www.facebook.com/citi | LinkedIn: www.linkedin.com/company/citi