Citi Names Top Brass To Lead Institutional Group

Mar 17 2008 | 10:15am ET

Citi has appointment Michael Klein as chairman of the firm’s Institutional Clients Group and John Havens as its CEO.

The ICG is comprised of Citi Markets & Banking and Citi Alternative Investments.

Klein and Havens will report to Vikram Pandit, CEO of Citi. Havens has also been appointed Chairman of CAI, the hedge fund and private equity unit he has been overseeing since October.

In Klein’s new role, he will lead the organization in building client relationships with prominent corporations, governments and institutions around the world. Meanwhile, Havens will be responsible for the management and strategic oversight of ICG as well as for setting the strategy and direction of CAI.

Executives now reporting to Havens include James Forese, head of sales and trading/capital markets; Ray McGuire, co-head of investment bank; Alberto Verme co-head of investment bank); Edward “Ned” Kelly, ceo and president of CAI; Michael Corbat, head of corporate and commercial bank); Paul Galant, head of global transaction services); and Hamid Biglari, chief operating officer of ICG.

“The senior leadership team supporting Michael and John is a deep and talented bench, composed of smart, strategic team players. By putting the right talent in the right places, we are enhancing Citi’s ability to meet the evolving needs of our institutional clients and address the long-term growth trends in both developed and developing markets,” Pandit said.

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