Ronan steps down as Citigroup’s Europe chief due to ill health

The bank’s associate general counsel, Davinia Conlon, has been acting as interim country head for Ireland in recent times.

Citi – as the group has become more commonly known – was among the first major overseas banks to enter the Republic, setting up a base on Dawson Street in 1965 as it followed major US clients expanding into the country under then taoiseach Seán Lemass’s push to reverse decades of protectionist Irish policies.

Citibank Europe’s assets effectively doubled in size to about $50 billion in 2016 when the group’s UK-based Citibank International unit was folded into the Dublin operation – months before the Brexit referendum.

Headline should have been more sensitive and omitted the “ill health” reference. Let’s hope she recovers and comes back stronger.

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