Dec 1 (Reuters) - Citigroup Inc has named Susan Manuelle and Niraj Shah co-heads of its North America Industrial group within its investment bank, according to an internal memo seen by Reuters.

Manuelle, who has been with the firm for nearly two decades, and Shah, who most recently led Citi's European industrials group, will be charged with growing the business and developing talent and diversity within the group.

The appointments are effective on December 31.

Additionally, company veterans David Jaffe and Brian Reed were named Global Head of Chemicals and Paper & Packaging Corporate Banking, and Global Head of Diversified Industrials Corporate Banking respectively.

(Reporting by Imani Moise)