Citi faces legal action over severance pay: report
A former senior executive at Citigroup Inc
Kevin Kessinger, who was formerly in charge of operations and technology at Citigroup, is taking the company to arbitration, an out-of-court dispute resolution mechanism, according to the paper.
Kessinger is now the chief information officer at Canada's Toronto Dominion Bank
A Citigroup spokesman in Hong Kong was not immediately available for comment, while Kessinger could not be immediately reached for comment by Reuters outside regular Canadian business hours.
In June, the Wall Street Journal had reported that Citi told about five former top executives they would not be paid tens of millions of dollars in promised severance payouts.
(Reporting by Ajay Kamalakaran in Bangalore; Editing by Muralikumar Anantharaman)
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