Stock Investment and named former Morgan Stanley executive Vikram Pandit to oversee trading, investment banking and alternative investments.Pandit will run the newly formed institutional clients unit stock investment, which will include the investment banking and hedge fund divisions, the company said. James Forese, will run Citigroup’s alternative-investments business stock investment, Deutsche Bank AG analyst Michael Mayo cut his investment rating on the stock to.who helps manage about $900 million at RBC Investment (Asia) Ltd. in Hong Kong stock investment.
He ran the firm’s biggest and most-profitable division, investment-banking and trading, stock investmentfor 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 stock investment In charge of the alternative investments division.
Stock Investment October 20th, 2007
