8216;Citigroup Chairman Parsons may quit8217;

Citigroup Inc Chairman Richard D Parsons,who helped steer the bank through its near-death experience in the financial crisis,is considering stepping down after three years in the post,says a media report.

Citing people familiar with the situation,The Wall Street Journal said Parsons is considering stepping down after three years in the post. The 63-year-old Parsons is expected to decide by early March,the report said,adding that Parsons wants to focus on 8220;other interests8221;.

Regardless of his decision,Citigroup is expected to keep separate the posts of chairman and chief executive,the report noted.

Parsons,who became Chairman in 2009,was a Citigroup director since 1996. Previously,he served as as Chairman and Chief Executive at Time Warner Inc.

Bad bets on mortgages and other securities nearly sank Citigroup in 2008 and forced the bank to accept tens of billions of dollars in US aid. In 2011,Citigroup posted a profit of USD 11.3 billion.