In his new role, Havens will be responsible for Citi’s day-to-day operations and report to Citigroup CEO Vikram Pandit.
Within the ICG, James Forese, currently the co-head of Global Markets, will take on new responsibilities and become the CEO of Securities and Banking. Ned Kelly, currently a Citi vice chairman, will assume a new role as chairman of the ICG. Francesco Vanni d’Archirafi will continue as CEO of Global Transaction Services.
They will all report to Havens, as will the regional CEOs of Europe, the Middle East and Africa, the regional CEOs of Asia Pacific, and the heads of certain global functions.
Pandit said John Havens is one of this company’s strongest managers and best leaders. He’s been indispensable to the turnaround of Citi. This role will take advantage of the full range of his management talent and experience, and will allow all the group to sharply focus on executing our plans for the future.
"Our strategy is working, as our full-year earnings and four straight quarters of profitability demonstrate. This new management structure will serve the company well as we aim to enter into a new phase of responsible and sustained growth," Pandit said.
Citibank, N.A. CEO Gene McQuade, CFO John Gerspach, chief risk officer Brian Leach, Citi Holdings CEO Michael Corbat, general counsel Michael Helfer, and Manuel Medina-Mora, whose responsibilities include Citi’s global consumer strategy, will continue to report directly to Pandit.
