Citi Names 306 Managing Directors in Larger, More Diverse Class

Citigroup Inc. said it named one of its largest and most diverse classes of managing directors in recent years, with 306 employees nabbing the title.

Globally, women make up almost 35% of the total, Citigroup said in a memo to staff Monday that announced the promotions to managing director, the highest officer level at the bank. More than a third in the U.S. are Black, Hispanic or Latino, or Asian, according to the memo.

“As much as the promotion to managing director is a recognition of performance and potential, it is even more about driving progress,” members of the bank’s ...