Finance world's diplomat lands top post.Citigroup Citigroup U.S. holding company formed in 1998 from the merger of Citicorp (itself a holding company incorporated in 1967) and Travelers Group, Inc. The $70 billion merger included one of the largest U.S. investment banks, Salomon Smith Barney Inc. announced that William R. Rhodes William R. "Bill" Rhodes is the Senior Vice Chairman of Citigroup Inc. and the Chairman of Citigroup and Citibank. He is also Chairman of the Board of both the Americas Society has been appointed President and Chief Executive Officer of Citibank, N.A. and President of Citicorp Holdings Inc., both of which are wholly owned subsidiaries Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Citigroup Inc. Mr. Rhodes Mr. Rhodes was an American television situation comedy which was aired by NBC as part of its 1996-97 lineup. Mr. Rhodes starred comedian Tom Rhodes as an eponymous character who taught at a small-town preparatory school after having failed as a novelist. will continue to serve in his current roles as Senior Vice Chairman of Citigroup Inc., Chairman and Chief Executive Officer of Citicorp Holdings Inc., and Chairman of Citibank, N.A. Mr. Rhodes is also a member of Citigroup's Operating and Management Committees. Mr. Rhodes is the Senior International Officer for Citigroup with specific responsibilities for client relationships around the world, as well as for relationships with governments and other official institutions. "Bill has earned a reputation for international financial diplomacy diplomacy Art of conducting relationships for gain without conflict. It is the chief instrument of foreign policy. Its methods include secret negotiation by accredited envoys (though political leaders also negotiate) and international agreements and laws. while helping manage the external-debt crisis that involved developing nations and their creditors worldwide," said Chuck Prince, Chief Executive Officer of Citigroup. "Today, clients seek Bill out for his advice and counsel, as do I. Over the years, I have turned to Bill repeatedly for his insight and judgment." Citigroup the leading global financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. company, has some 200 million customer accounts and does business in more than 100 countries, providing consumers, corporations, governments and institutions with a range of financial products and services, including consumer banking and credit, corporate and investment banking and asset management. |
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