Citi AI Names COO

Jan 9 2008 | 12:15pm ET

Continuing the shakeup precipitated by the ouster of CEO Charles Prince and the appointment of Vikram Pandit as his successor, Citigroup named Jacob Lew chief operating officer of its alternative investments division.

Lew moves to Citi Alternative Investments from the firm’s wealth management business, where he also served as COO. He succeeds Don Callahan, who became chief administrative officer of the whole of Citi last month.

Prior to joining Citi, Lew served as director of the U.S. Office of Management and Budget for three years under President Bill Clinton, after 30 years as a policy adviser in Washington, D.C.

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