Citi’s Damian Kozlowski Hired as CEO by Joe Montana’s Modern Bank

Modern Bank NA, a lender to the wealthy where former football quarterback Joe Montana is vice chairman, hired Citigroup Inc. (C) veteran Damian Kozlowski to lead a turnaround after almost $30 million of losses in five years. Kozlowski, who ran Citigroup’s private bank from June 2005 through April 2007, said he joined New York-based Modern as chief executive officer on Nov. 8. – Bloomberg

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