Coutts is likely to be replaced by Charles-Henri Filippi, who is already country chairman, sources familiar with the situation said.
Coutts, 50, joined Citigroup in 2007 from Goldman Sachs Group Inc
Coutts' assistant said she did not know where Coutts, who was named co-chief country officer for France last year, expected to work next.
Eric is no longer at Citigroup, the spokesman said. We will be announcing his successor very soon.
Citigroup Chief Executive Vikram Pandit in early December said the bank planned to eliminate 4,500 jobs over the next few quarters.
The bank last month began a round of layoffs among its London-based investment bankers with jobs in advisory, equities and fixed income among those targeted.
The spokesman said Citi remained committed to France where the bank employs about 200 people.
Filippi, formerly head of HSBC's
(Reporting By Christian Plumb and Lionel Laurent, Editing by Mark Potter)