Citigroup (C) announced that private-banking boss Jane Fraser will replace Sanjiv Das as CEO of CitiMortgage.

According to an article in Bloomberg, Das is stepping down to pursue other professional opportunities.

() the CEO of the New York-based company’s private bank for the past four years, the report said. 

"Sanjiv took over CitiMortgage in the depth of the financial crisis," () wrote. "His leadership has helped stabilize the business during the most difficult of times."