Citi boss makes heavy wager
(22nd July 2010 – Australia) Citigroup’s Australian head, Stephen Roberts, has guaranteed that the bank will secure a top three domestic ranking within the next two years and he’s even betting his job on it.
If Citigroup is not in that position by 2010, I won’t be here and that’s a guarantee, Mr Roberts said in an interview.
The bank’s country officer and head of markets and banking has made quite the wager since, according to data compiled by Bloomberg, the bank’s takeover advisors haven’t placed in the top three since 2002, currently sitting at 11th, and the share sale arrangers haven’t been in one of the three top spots in the last ten years.
The Citigroup head is not the only banker making public pledges to climb the league table, recently Bank of America and Nomura Holdings stated their intentions to move up.
Mr Roberts said that he is relying on some of the new additions the bank has made to the team to boost their positioning.
Earlier this month the New York based bank appointed top banker Tony Osmond from Goldman Sachs JBWere as the new head of investment banking. Mr Osmond previously headed up the merger and acquisition unit, and natural resources and industrials unit at the rival investment bank.
The bank’s country officer and head of markets and banking has made quite the wager since, according to data compiled by Bloomberg, the bank’s takeover advisors haven’t placed in the top three since 2002, currently sitting at 11th, and the share sale arrangers haven’t been in one of the three top spots in the last ten years.
The Citigroup head is not the only banker making public pledges to climb the league table, recently Bank of America and Nomura Holdings stated their intentions to move up.
Mr Roberts said that he is relying on some of the new additions the bank has made to the team to boost their positioning.
Earlier this month the New York based bank appointed top banker Tony Osmond from Goldman Sachs JBWere as the new head of investment banking. Mr Osmond previously headed up the merger and acquisition unit, and natural resources and industrials unit at the rival investment bank.
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