HUD's inspector general leaving for private accounting firm
The inspector general of the Department of Housing and Urban Development is leaving after eight years to lead the government-services group of a Bethesda, Md., accounting firm. Kenneth Donohue was nominated by President Bush and confirmed by Congress in March 2002. Prior to joining HUD, he was director of investigations for Resolution Trust Corp. after two decades as a special agent in the secret service. He joins the Reznick Group as principal in the firm's government services division. "Reznick Group offers me an outstanding platform on which to continue my interest in the stewardship of funds to federal agencies and protecting the interest of the American taxpayer," Donohue said. "Innovation, integrity and commitment to the job are hallmarks of the Reznick Group client experience for the past 30 years and I am proud to be joining this nationally-known team of accountants and financial professionals." Meanwhile, Citigroup (C) hired a former Morgan Stanley executive to run its domestic retail banking, personal banking and wealth management, commercial banking, and small business operations. Cecelia Stewart spent three decades at Wachovia Corp. before joining Morgan Stanley in 2008. She begins her new role at Citigroup in a few months and reports to Manuel Medina-Mora, who replaced Terri Dial after she unexpectedly resigned earlier this year. Citigroup also named Will Howle chief operating officer for the U.S. consumer and commercial banking operations. Howle had been managing director and head of national sales at Morgan Stanley's private bank unit. He also worked with Stewart while chief operating officer of Wachovia's retail and small business segments. "We have a significant opportunity to grow this franchise," Medina-Mora said. "Seasoned executives like Cece and Will complement our team and ensure that we are integrated across products and segments to better meet our customers' needs. I have complete confidence in their ability to take a disciplined approach as we successfully execute our strategy." Write to Jason Philyaw.