INTERNATIONAL: Citibank loses head of PR in expected restructure

DUSSELDORF: Citibank Group in Germany has lost its PR chief, Folker Mindermann in a restructuring of its high street arm, Privatkunden.

DUSSELDORF: Citibank Group in Germany has lost its PR chief, Folker

Mindermann in a restructuring of its high street arm, Privatkunden.



Mindermann was public affairs director of Citibank Group as well as

Citibank Privitakunden which is Germany’s largest high street bank, with

three million customers.



He reported directly to Privatkunden chief executive Willy Socquet, who

joined the company a year ago. Mindermann resigned following Socquet’s

decision to integrate the work of the PR and marketing departments as

partof a general restructuring of the company.



Mindermann oversaw nine people working in group communications and was

responsible for press relations, government relations, PR, internal

communications and supporting investor relations. He represented the

Citibank group, its high street arm, and its credit card business,

Citibank Visa and Citibank Diners. He has not yet decided on his next

move, but intends to continue working in public relations.



’Either I will work for myself or in a consultancy,’ said Mindermann,

who is 55. He will be replaced, but his successor is likely to report to

Citibank marketing director Burkhard Breiing.



Mindermann joined the bank’s high street arm, then known as

Kundenkreditbank, in 1985, as public affairs head. He was appointed

public affairs director of Citibank group in 1991, and in 1995 was made

a member of Citibank Privatkunden’s senior management group.



Kundenkreditbank was bought by Citibank in 1973 and integrated into the

group’s network of consumer banks in the late-1980s.



Citibank retains PR agencies on a project basis, including HFP in

Dusseldorf, Charles Barker in Frankfurt and Lauk Communication in

Cologne.



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