Thursday, 18 September 2014
Last updated 5 hours ago
Jul 9 2013 | 11:06am ET
Citigroup has added a private-equity executive to its board of directors.
General Atlantic operating partner Gary Reiner was named to the bank's board this week, along with former Ernst & Young CEO James Turley, Citi said. Reiner's election appears to make good on Citi Chairman Michael O'Neill's pledge to add a director with technology expertise; Reiner served as chief information officer at General Electric for 14 years before joining General Atlantic in 2010.
Reiner also serves on Hewlett-Packard Co.'s board of directors.
O'Neill said last month that Citi would add two or three directors to deal with the board's workload.
Reiner is the second private-equity executive on Citi's board. Wolfensohn Fund Management's Diana Taylor, better known as New York City Mayor Michael Bloomberg's girlfriend, joined the board in 2007.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.