Financial Services Industry
Industry: Email Alert RSS FeedCitigroup revamps top of banking unit.
Financial News, March, 2003
Citigroup ended the power-sharing arrangement at the top of its investment banking operations, putting Robert Morse in charge of its dealmakers and making Michael Klein head of wholesale banking in Europe, the Middle East and Africa.Morse will become sole head of global investment banking, reporting to Chuck Prince, head of Citigroup's global corporate and investment bank, which includes the corporate banking arm of the old Citicorp and Salomon Smith Barney.
Klein is the chief executive of the global corporate and investment bank in Europe, the Middle East and Africa - a newly created region in Citigroup's 'matrix' structure.
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