Citigroup president Jamie Forese to retire

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Bryan van der Beek | Bloomberg | Getty Images
Jamie Forese, President of Citigroup Inc. and head of the institutional clients group, speaks at the Milken Institute Asia Summit in Singapore, on Friday, Sept. 19, 2014. Chief executive officers, senior government officials and leading figures in the global capital markets convened at the global conference’s inaugural summit in Asia.

Citigroup president Jamie Forese will retire after more than three decades at the investment bank, according to an internal memo seen by CNBC on Thursday and confirmed by a Citi official.

Citigroup is the third largest U.S. lender by assets.

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