Citi's plans to reorganize itself into two operating firms will not affect its municipal securities division, the company said Friday.

The division - the municipal market's top underwriter - will remain a part of the corporate and investment bank, which will fall under the Citicorp umbrella of the company's core entities, a spokeswoman said.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.