New Citigroup Management Draws Heavily from 2 Sides

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Citicorp and Travelers Group have made their first pass at a top- management structure for the new Citigroup, an initial indication of how the two organizations would meld.

A memo that the companies issued Wednesday, a month since announcing their $70 billion merger plan, had more names on it from Citicorp and Citibank than from Travelers.

But six people, four of them from Travelers, would be in charge of the three principal customer-defined business groups-consumer, corporate and investor, and asset management-reporting to co-chief executive officers John S. Reed of Citicorp and Sanford I. Weill of Travelers.

Travelers' president and chief operating officer, James …