Uploaded by Odesk1 on Apr 19, 2010
http://YouTubeDownloaderFree.com
(Adds Kellys career history in the sixth paragraph.)
By Michael J. Moore and Bradley Keoun
April 19 (Bloomberg) -- Citigroup Inc. Vice Chairman Edward Ned Kelly will become chairman of the firms investment- banking division, rejoining the unit he headed until last year.
Citigroup, 27 percent owned by the government, reported first-quarter net income of $4.43 billion today, more than double a year earlier, as bad-loan costs declined. Revenue from the securities and banking unit, which contains the global- banking division, more than doubled from the fourth quarter to $8 billion.
Kelly, 56, a former JPMorgan Chase & Co. investment banker, joined New York-based Citigroup in February 2008. He was head of global banking before becoming CFO and has negotiated some of Citigroups biggest transactions, including the sale to Morgan Stanley of majority control of the Smith Barney brokerage division, completed in May 2009.
The global-banking division includes the mergers and acquisition advisory practice as well as equity and debt underwriting, according to the banks Web site. Raymond McGuire will remain head of investment banking, according to the memo.
Prior to Citigroup, Kelly was at Carlyle Group, the private-equity firm, which he joined in 2007. He was previously vice chairman of Pittsburgh-based PNC Financial Services Group Inc. following PNCs purchase of Mercantile Bankshares Corp., where he was CEO from March 2001 through March 2007. Kelly also held senior investment-banking positions at what is now JPMorgan and was a partner at the New York law firm of Davis Polk & Wardwell.
Category:
Tags:
License:
Standard YouTube License
-
0 likes, 0 dislikes
1:05
Citigroup CEO Caught in Lie?by AmericanNewsProject39,874 views
3:42
2010 Bright Investment Banking Networkby BrightNetwork1,350 views
0:31
The Schomburg Center's 85th Anniversary Gala and Tribute to Howard Dodsonby FaisonFirehouseDV432 views
5:23
Careers In Investment Bankingby StudentFinanceJobs37,967 views
7:35
C Citigroup Stock Prediction Forecast Trade Strategyby lambro3911,568 views
1:39
Citigroup: The Fall of a Finance Giantby NTDTV4,958 views
2:42
Top Internships: Citiby VaultVideo21,701 views
0:31
Citigroup: New York Mets - Meetingby agencyspy855 views
5:49
How To Find A Banking Job During A Recessionby StudentFinanceJobs1,901 views
2:34
Investment Bankerby dgreco11101,417 views
10:00
Pt. 1 America's Bankrupt Banks (Inside the Meltdown)by kalanw64,892 views
2:20
Citigroup 'Too Big To Fail'by CBS3,785 views
1:36
"The Biggest Scam & Cover Up in U.S. History"by StopFascismdotcom22,657 views
1:22
WWMB: Linda Chatman Thomsenby WBJOnline109 views
7:36
We've been Fuld: Congress grills Lehman CEO on compensationby AmericanNewsProject27,289 views
10:00
You cant handle This TRUTH! pt 2by sugarpuddin884,186 views
1:29
Financial Analyst / Investment Bankerby ProschoolIMS49,150 views
6:11
Morgan Stanley Analyst Christmas Video 1987 Pt 2by krobb66895 views
3:41
Private Equity CV Tips - Part 1by PECareersCentre1,343 views
2:33
CITI BANK beats a young lady thats a customerby youratm253 views
- Loading more suggestions...
Link to this comment:
All Comments (0)