China’s $1.7 trillion hangover

China’s $1.7 trillion hangover

Up to 40% of China’s $1.7 trillion LGFV loans are at high risk of default. What’s a panicking Beijing to do?

Euromoney’s 2012 FX survey results

Euromoney’s 2012 FX survey results

Access the results now

March 1999

Richard Handley, Director, CEI Citicorp Holdings



At the age of 55, Richard Handley, former Latin American head of Citibank and architect of Argentina's foremost communications and media empire, has decided to get out while he is ahead. Although he continues as a director of CEI Citicorp Holdings, the company he created, he stepped down as CEO in September "to spend more time with my wife and on the farm. I'm playing a bit more golf too".

He has probably earned his rest, having packed more incident and controversy into his career than most bankers could dream of. Born in Buenos Aires in 1943 from Irish and Scottish stock, he is known on official documents as Heriberto Ricardo Handley. But like many Anglo-Argentines, his name has been anglicized to Richard and shortened by many of his colleagues simply to "Dick".

His childhood contained little to suggest that a glittering career lay ahead of him. "I was a...


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