Citi names new head of FinTech venture arm

Citigroup Inc has promoted fintech investor Vanessa Colella to lead Citi Ventures, a division that backs young financial technology companies. Colella, who has been global head of venture investing and strategic growth initiatives at Citi Ventures since 2013, will take on the role in January, the bank said on Tuesday. She has also been named chief innovation officer for the group, the bank said. Read more: