Thursday, October 18, 2012

Citigroup appoints Michael Corbat chief executive





Michael Corbat, Citigroup's new chief executive, is a survivor. In a three-decade career that started at Salomon Brothers, the former offensive lineman for Harvard has endured countless mergers and come out on top.


He has run multiple units at Citigroup that allowed him to get to know the bank's directors, including wealth management and Citi Holdings, where the bank put bad assets it was looking to shed.


But Corbat, 52, whose athletic build and eyeglasses have earned comparisons with Superman's alter ego, Clark Kent, among colleagues, has a tough job.









via Business feed http://www.scmp.com/business/companies/article/1063432/citigroup-appoints-michael-corbat-chief-executive

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