Citigroup Inc. said Thursday that it is combining its investment banking and alternative investments units into one division led by a former Morgan Stanley executive investment banks.The new Institutional Clients Group will be led by Vikram Pandit investment banks, who has been in charge of Citi’s alternative investments unit since joining the company earlier this year investment banks.Michael Klein investment banks, chairman and CEO of the investment banking unit, will jointly run that business with James Forese, investment banks a 22-year veteran of Citi who has led the Global Equities division for the last four years, the company said.John Havens was named president and CEO of the alternative investment unit investment banks.Pandit was president investment banks and chief operating officer of Morgan Stanley’s institutional securities and investment banking business investment banks.Citigroup is trying to boost performance as it and other banks deal with recent problems in the mortgage industry and financial markets investment banks.
Tags: Alternative Investment, Alternative Investments, Bank, ceo, citigroup, citigroup inc, exec, financial markets, Institutional, institutional clients, Investment Bank, Investment Banking, Investment Banking Business, Investment Banks, morgan stanley, nvestment Banks, vikram pandit
Investment Banks October 20th, 2007
