Citigroup Inc. has appointed a new team of executives to oversee its drastically downsized mortgage banking business. The mortgage chief had only been on the job less than a year.

David Chubak was named head of global retail banking and mortgage in April 2017. He had been with the New York-based financial services firm since 2013.

The move followed a disclosure earlier last year that its CitiMortgage Inc. subsidiary planned to get out of the mortgage servicing business.

Source: Mortgage Daily