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RJ & Makay

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Tags >> John Havens

Citigroup's new president and COO: John Havens

Posted by RJ and Makay on Jan 19, 2011
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Citi Names Havens President COOJohn Havens, currently head of Citigroup's institutional clients segment, will be taking over as the bank's president and COO, says Citigroup. The company announced the promotion along with several other management changes earlier today.

These moves are aimed at, among other things, bolstering Citigroup's investment banking operations, which have fallen from fourth to eighth place in the Thomson Reuters rankings. Havens' promotion comes a day after Citigroup reported fourth quarter earnings that were lower than expected mainly because of a steep drop in bond-trading revenue.