TORONTO Citigroup Inc has named Nancy Bertrand as the head of its private bank in Canada, succeeding Bob McGuire who retired earlier this month, according to a memo seen by Reuters on Thursday.

Bertrand, who takes the role effective immediately, will be responsible for leading Citi Private Bank's growth in Canada which caters to high-net-worth individuals.

She most recently served as a private banker leading a team in Toronto and Montréal, advising ultra-high net worth families, foundations and single-family offices. She joined Citi Private Bank in 2006 and has held a number of senior positions.

Bertrand will report to Halé Behzadi, North America head of Citi Private Bank.

(Reporting by Nivedita Balu in Toronto; editing by Christina Fincher)