{"id":6896,"date":"2007-12-12T00:00:00","date_gmt":"2007-12-12T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"nagpur-born-vikram-pandit-named-new-citigroup-ceo","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/12\/2007\/nagpur-born-vikram-pandit-named-new-citigroup-ceo.html","title":{"rendered":"Nagpur-born Vikram Pandit named new Citigroup CEO"},"content":{"rendered":"<p>DailyIndia.com- Citigroup Inc has named its investment banking head, Vikram Pandit, as the group&#8217;s chief executive and acting CEO Win Bischoff as its chairman, disappointing investors who wanted abig-name outsider to overhaul the bank.<\/p>\n<table cellspacing=\"0\" cellpadding=\"3\" width=\"255\" align=\"left\" border=\"0\">\n<tr>\n<td>      &nbsp;    <\/td>\n<\/tr>\n<\/table>\n<p>  Citi had been seeking a replacement for former CEO Charles Prince, who left on November 4 under pressure from shareholders frustrated by the performance of the largest US financial services  company. Citi shares have fallen by about a third this year, and the company has taken massive write-downs for mortgage-related holdings.<\/p>\n<p>  Pandit`s career has included heading investment banking and capital markets at Morgan Stanley. He joined Citigroup five months ago when the bank bought his year-old hedge fund firm, Old Lane  Partners, for USD 800 million.<\/p>\n<p>  <a href=  \"http:\/\/news.google.com\/news\/url?sa=T&amp;ct=us\/1-0&amp;fd=R&amp;url=http:\/\/www.dailyindia.com\/show\/199065.php\/Nagpur-born-Vikram-Pandit-named-new-Citigroup-CEO&amp;cid=0&amp;ei=7clfR8q0KYqsqwPry6TuAg\">  <strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>DailyIndia.com- Citigroup Inc has named its investment banking head, Vikram Pandit, as the group&#8217;s chief executive and acting CEO Win Bischoff as its chairman, disappointing investors who wanted abig-name outsider to overhaul the bank. &nbsp; Citi had been seeking a [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-6896","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/6896","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=6896"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/6896\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=6896"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=6896"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=6896"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}