Appointment of Victor Menezes - Chairman & Chief Executive Officer of Citibank, N.A.Business Editors NEW YORK--(BUSINESS WIRE)--March 21, 2000 To: Senior Management From: Sandy Weill Date: March 21, 2000 Re: Appointment of Victor Menezes Victor J. Menezes (May 14, 1949 - ) is an engineer and banker, who acts as a top official in international financial organizations. He is originally from India and received his degree in electrical engineering from the Indian Institute of Technology, Bombay in 1970. - Chairman & Chief Executive Officer of Citibank, N.A. I am pleased to announce the appointment of Victor J. Menezes as Chairman and Chief Executive Officer of Citibank, N.A. Victor will replace John Reed as Chairman of Citibank, N.A. on April 18, 2000. He will continue in his position as co-Chief Executive Officer of the Global Corporate and Investment Bank and as Citigroup's Regional Business Executive for Emerging Markets. Victor joined Citibank in 1972 and has held a series of senior positions within the bank. His extensive international experience, global perspective and financial expertise make him uniquely suited to assume this position. He has served as the President of Citibank, N.A. since 1998. As co-Chief Executive Officer of the Global Corporate and Investment Bank, Victor shares responsibility for Citigroup's services to corporate customers and for integrating the activities of Salomon Smith Barney Smith Barney is a division of Citigroup Global Capital Markets Inc., a global, full-service financial firm, that provides brokerage, investment banking and asset management services to corporations, governments and individuals around the world. and Citibank's corporate banking. In January 2000, in addition to his existing responsibilities, Victor was appointed to the newly formed position of Regional Business Executive for Emerging Markets and is responsible for the coordination of all Citigroup's activities across business lines within Emerging Markets. Victor began his career in Corporate Banking in Asia, with responsibilities for India, Hong Kong Hong Kong (hŏng kŏng), Mandarin Xianggang, special administrative region of China, formerly a British crown colony (2005 est. pop. 6,899,000), land area 422 sq mi (1,092 sq km), adjacent to Guangdong prov. , Macao and the People's Republic People's Republic n. A political organization founded and controlled by a national Communist party. of China. In 1985 he became Citibank's Senior Corporate Officer for Latin America and Africa. In 1989 he became head of the European consumer business, and two years later his responsibilities were extended to include consumer banking in the United States United States Banking began in 1781 with an act of United States Congress that established the Bank of North America in Philadelphia. During the American Revolutionary War, the Bank of North America was given a monopoly on currency; prior to this time, private banks printed their . In 1995 he was named Chief Financial Officer of Citicorp, then Citibank's parent company. Mr. Menezes was born in Pune, India, on May 14, 1949. He received an electrical engineering degree from the Indian Institute of Technology in 1970 and a Master of Science in finance Master of Science in Finance (MSF) is a Master's degree designed to prepare graduates for careers in financial analysis, investment management and corporate finance. The MSF is generally a one-year, non-thesis degree, and is often positioned as a professional degree. and economics from the Sloan School of Massachusetts Institute of Technology Massachusetts Institute of Technology, at Cambridge; coeducational; chartered 1861, opened 1865 in Boston, moved 1916. It has long been recognized as an outstanding technological institute and its Sloan School of Management has notable programs in business, in 1972. Please join me in congratulating Victor in his new role. |
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