RJ and Makay

Dermot Boden has been named Chief Brand Officer (CBO) at Citigroup. As CBO, Boden will lead brand strategy and ensure branding and marketing are effective and consistent across the range of Citigroup's businesses. Boden will also chair Citigroup’s Brand Council and oversee the Global Branding and Sponsorship groups. He'll report to Executive Vice President for Public Affairs Edward Skyler.

“Dermot Boden has shown creativity, thoughtfulness, and the ability to execute a strategy over the course of a career during which he has contributed to the building of many different and successful brands," remarks Vikram Pandit, Citigroup's Chief Executive Officer. "As Citi approaches its 200^th anniversary next year, effectively communicating who we are and what we stand for takes on renewed importance and will help determine our success going forward.”

John 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.

The top 10 wealthiest Wall Street executives are financial powerhouses. As a group, they have an average net worth of $210 million, an average liquid net worth of about $75 million, and together are worth about $2.1 billion, shows a new study by Wealth-X, a firm that collects and analyzes information on high-net-worth individuals.

Those numbers could soon be even larger as the economy revs up, taking financial stocks and executive compensation and bonuses along with it. Financial company executives with out-of-the-money call options on employer stock could do very nicely, for example, as financial stocks climb and bring the options into profitable territory.