Friday, 22 August 2014
Last updated 15 hours ago
Dec 3 2007 | 1:29pm ET
Former hedge fund manager Vikram Pandit is the leading candidate to head Citigroup, and could be named to the top job within a week.
The New York Times reports that Pandit, who joined Citi seven months ago when it bought his Old Lane hedge fund for about $800 million, has seen his support in the four-member search committee rise, although the paper called the search “difficult,” adding that “no clear choice has emerged” to take the reins at troubled financial giant.
Pandit currently heads Citi’s alternative investments and investment banking operations. Prior to joining the firm, he was a top executive at Morgan Stanley frequently mentioned as a potential future CEO.
According to the Times, should Pandit succeed Charles Prince, who was forced out last month, Chairman Robert Rubin would likely remain in his post for some time longer. Rubin had said he expected to step down when a new leadership team was selected.
Aug 4 2014 | 7:42am ET
By now, U.S. and international subscribers have received their home or office delivery of the special 500th issue of Futures magazine. You can too!—a very special offer follows. The issue is the largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders. Read more…
The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.
The Alpha Pages Editor's Note