Source: CoBank news release
CoBank, a cooperative bank serving agribusinesses, rural infrastructure providers and Farm Credit associations throughout the United States, today announced that Citigroup’s Eric Itambo has been named as the bank’s new Chief Banking Officer, with responsibility for all lending operations and banking services.
Itambo, 48, has spent over 20 years at Citi in a variety of positions in the United Kingdom, Asia, the Middle East, New York, and Chicago. He currently serves as Managing Director and Citi’s head of U.S. commercial lending, leading a team that includes industry specialists, credit analysts and other credit professionals. He is responsible for a loan portfolio that spans a wide variety of industry sectors, including food and agriculture; energy; industrials; consumer/retail; technology; and health care. Originally from Kenya, Itambo is a Rhodes Scholar and holds an MBA from Oxford University and a bachelor’s degree from Egerton University.
“We’re extremely fortunate that Eric will be joining CoBank and overseeing the business relationships we have with our customers across all the industries we serve,” said Thomas Halverson, CoBank’s president and chief executive officer. “Eric is a talented banker with deep expertise in commercial lending and the delivery of credit to business enterprises. In addition, he has developed extensive experience over the course of his career in commercial banking, capital markets, infrastructure finance, public-private partnerships and other areas of significant value to CoBank. We look forward to his contributions as a member of the bank’s executive team.”
“I’m delighted to be joining CoBank,” Itambo said. “CoBank has a uniquely strong business franchise driven by the depth and longevity of its customer relationships in rural industries. I look forward to helping the bank continue to grow, deliver outstanding service to its customers, and fulfill its mission in rural America.”
Itambo’s appointment is effective July 1, 2018. He will report to Halverson and serve as a member of CoBank’s Management Executive Committee.