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 2006

Druskin aims to seize the initiative

Bob Druskin is president and chief executive of Citigroup’s corporate and investment bank. He joined Smith Barney in 1991 as chief administrative officer and worked in a number of businesses, including asset management and operations. He became president and chief operating officer of the CIB in August 2002 and was appointed chief executive in December 2003.

One of his first tasks was to reorganize the CIB. Today the bank comprises three units: global banking, global markets and global transaction services. Running in parallel to this structure are the regions.

Druskin spoke to Euromoney in New York about the restructuring and the challenges that lie ahead. Sudip Roy reports.


Inside Citigroup’s plans for emerging markets domination | Citigroup builds on diversity in CEEMEA | All hands to the pump in Latin America | Citigroup still looking for more from Asia 



One of the criticisms of the bank is that there’s a battle between product and geography. What’s your view on this?

If you had asked me that question two years ago I would have given a different answer. Two years ago, and historically in the CIB, the global products had a greater than 50% weighting. Now I would say it’s much more even. We set that out as a goal and we make sure that we get agreement on important issues where product and region intersect, such as key personnel decisions – for example, budgets. We have...


You must be a trialist or subscriber to view this content

Please Subscribe or take a Free Trial below.
Already a subscriber? Log in here.





Download the Free Euromoney iPad app today