Citi Treasurer Mike Verdeschi is leaving the bank after 33 years to pursue other opportunities, according to a memo to staff by CFO Mark Mason.

“Mike has thoughtfully and responsibly managed our balance sheet through some especially turbulent times,” said the memo, which was seen by Bloomberg. “Many of you within and outside of the treasury team have built relationships with Mike, and together we will continue to progress our strong treasury work.”

In his six years as treasurer, Verdeschi managed a multitrillion-dollar balance sheet through the pandemic, rapidly increasing interest rates, and this year’s banking industry turmoil, the memo said.

Verdeschi joined Citi in 1990 in the securitized products business and held several treasury roles, including rates portfolio management, funding, and retail banking for North America, according to Reuters.

In 2015, he became chief investment officer, overseeing the bank’s securities portfolio and a broad range of assets.

Verdeschi adds to the growing list of multi-decade Citi vets who have seen job changes this year, after the departure of commercial banking chief Paco Ybarra and longtime executive Anand Selva shuffling from personal banking and wealth management CEO to firm chief operating officer.

Peter Babej, who has been there for 13 years, is expected to retire next year.

Verdeschi will remain with the company for the next few weeks, Bloomberg reported.

He will be replaced on an interim basis by Mark Smith, who previously led Citi’s treasury and trade solutions division in Europe, the Middle East and Africa. Smith has spent 25 years with the firm in various treasury roles.

Citi did not return Banking Dive’s request for comment.