Deborah McWhinney, the head of Citigroup's flagging personal banking and wealth management group, is leaving her post after a tumultuous two-year run in which she attempted to makeover the nation's third-largest bank following the spin-off of its Smith Barney brokerage unit in 2009.

In an internal memo from Paul Galant, the chief executive officer of Citi's global enterprise payment group and Cece Stewart, president of the firm's U.S. consumer commercial banking unit, it was announced that McWhinney will now become head of its newly created global digital merchant Acquiring group, reporting directly to Galant.

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