Projo Biz Blog

Eugene M. McQuade, the former FleetBoston Financial Corp. president from East Greenwich who helped Terry Murray build the biggest bank in the country, has been named an executive at Citibank, the nation's third biggest bank.

McQuade, 60, starts his new job on Aug. 1 as chief executive of Citibank's North American retail banking unit.

McQuade, a native New Yorker, joined Fleet in 1992 and later as chief financial officer, helped chairman and chief executive Murray, of Narragansett, turn the Providence-based bank into the biggest in the region and one of the biggest in the U.S. The acquisitions included BankBoston in 1999.

FleetBoston Financial Corp. was acquired by Bank of America in 2004, where McQuade became president before leaving to take the job of president and chief operating officer of Freddie Mac. He turned down the top job at Freddie Mac in 2007, just before the mortgage giant deteriorated and had to receive a huge government bailout.

 Tags  Citibank Eugene M. McQuade FleetBoston Financial Corp. Terry Murray

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