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Deutch exits Citigroup board

John Deutch yesterday said he would not stand for re-election at Citigroup’s 20 April annual meeting. Ex-CIA director Deutch has been a Citigroup director for 12 years. His exit follows the departure of several directors since the government took a more active role in the bank’s affairs last year following two multibillion-dollar bailouts. Among those who have left the board are Robert E. Rubin, former treasury secretary, and Winfried Bischoff, Citigroup’s former chairman.