Citi Names Ned Kelly Alts President

Jan 30 2008 | 7:17am ET

Citigroup has made a splashy hire to help head its alternative investments unit.

Edward Kelly has been named president of Citi Alternative Investments. He’ll report to John Havens, who remains CEO of the division, though he cedes the title of president to Kelly.

Kelly is a former managing director, head of global financial institutions and co-head of investment banking client management at JPMorgan Chase. Since last year, he has worked at private equity giant The Carlyle Group—his first post with an alternatives firm—on a financial services team. In between, he headed Baltimore-based bank holding company Mercantile Bankshares, which was acquired by PNC Financial Services Group last year.

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