Investment Banking the biggest U.S. bank, said its trading chief will leave after almost $6 billion of fixed-income losses, investment banking and named former Morgan Stanley executive Vikram Pandit to oversee trading investment banking, investment banking and alternative investments. investment-banking and trading investment banking, for five years before quitting in March 2005 during a power struggle under then-CEO Philip Purcell. Citigroup acquired Old Lane in April and put Pandit in charge of the alternative investments division investment banking.Pandit will run the newly formed institutional clients unit investment banking, which will include the investment banking and hedge fund divisions, the company said investment banking. James Forese investment banking, 41, Citigroup’s head of stock trading, will fill the spot vacated by Maheras and will assume responsibility for all sales and trading investment banking.John Havens, who worked with Pandit at New York-based Morgan Stanley before they co-founded Old Lane LP, will run Citigroup’s alternative-investments business, which includes hedge funds, private equity and real estate investment banking.
Tags: Alternative Investment, Alternative Investments, Bank, ceo, citigroup, edge fund, exec, hedge fund, Institutional, institutional clients, Investment Bank, Investment Banking, morgan stanley, private equity, Real Estate, Real Estate Investment, state investment, vikram pandit
Investment Banking October 20th, 2007
