Pandit picks Stanley chum Havens to run Citi IB, Klein pushed aside
Vikram Pandit, Citigroup’s new chief executive, this week made his first major investment banking management change, by promoting John Havens — his former colleague at Morgan Stanley — to run the investment bank, sidelining Michael Klein.
Havens, until now chief executive of Citigroup Alternative Investments, will be CEO of the institutional clients group, the division that holds Citigroups key markets and banking businesses, as well as alternative investments.
The move promotes Klein most recently chairman and co-chief executive of the markets and banking group
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