Citigroup taps two to head institutional clients

John Havens and Michael Kleinwill oversee the New York-based bank’s Institutional Clients Group, comprised of its markets & banking and alternative investments units.

Citigroup Inc. chief executive officer Vikram Pandit has tapped John Havens and Michael Klein to head the New York-based bank’s Institutional Clients Group, comprised of its markets & banking and alternative investments units.

Mr. Klein was previously chairman and CEO of Citigroup’s markets & banking group and will handle client relationships in his new role, while Mr. Havens, who served as CEO of the bank’s alternative investments unit., will handle strategic oversight at ICG.

Mr. Pandit, who replaced Charles Prince as Citigroup CEO in December (InvestmentNews Dec. 11), said the move is part of his goal of constructing a more team-oriented and streamlined approach.

“By putting the right talent in the right places, we are enhancing Citi’s ability to meet the evolving needs of our institutional clients and address the long-term growth trends in both developed and developing markets,” said Mr. Pandit in a statement.