New York, Jan 19 (Agencies): Citigroup on Wednesday announced the appointment of John Havens as its new President and Chief Operating Officer as part of efforts to bolster the banking major's growth.

Havens is currently the CEO of Citi's Institutional Clients Group (ICG).

In his new role, Havens will be responsible for the entity's day-to-day operations, Citi said in a statement. He will report to the group's India-born CEO Vikram Pandit.

On Tuesday, Citi reported a USD 1.3 billion profit for the three months ended December, 2010. However, the results were below the expectations on Wall Street.

After being battered by the financial meltdown in 2008-09, Citi is back on the growth trajectory and is exploring ways to bolster its businesses.

"(John Havens) has been indispensable to the turnaround of Citi... This new management structure will serve the company well, as we aim to enter into a new phase of responsible and sustained growth," Pandit said.

James A Forese will take over as the CEO of Securities and Banking at ICG. He is presently the Co-head of Global Markets at Citigroup.

In addition, Ned Kelly -- who is currently Citi Vice Chairman -- will assume the role of ICG Chairman as part of the management reshuffle.

"Francesco Vanni d'Archirafi will continue as CEO of Global Transaction Services. They will all report to Havens, as will the regional CEOs of Europe, the Middle East and Africa, the regional CEOs of the Asia-Pacific and the heads of certain global functions," the statement said.