ValueAct partner steps down from board at Citi credit rival

(Reuters) – Credit card and loyalty programs firm Alliance Data Systems Corp (ADS.N) said a board member representing ValueAct Capital has stepped down, removing one conflict of interest which could have prevented it gaining a board seat at Citigroup Inc (C.N). Alliance, which competes with Citi in issuing credit cards for retailers, said in a regulatory filing filed late on Thursday that Kelly Barlow, a partner at ValueAct, had stepped down from its board.

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